watched /tf sink on the open -- bought the first break off the steep early selloff -- sold much too early as it was pretty much lows of the day... NEED TO HOLD early winners
also bot YHOO and sold for small gain -- it was a winner off the bat
i need to accept losses -- setting stops and accepting that to win - i must lose small and I must allow the winners to grow and they will overcome the small losses.
I am sabotaging myself with fear of taking trades.
I also tried shorting /tf -- despite the strong market and did okay hitting tops. I didn't take a clear trade in /cl which was a perfect entry with no drawdown... again, too fearful to take a chance.
I see good traders buying support / selling resistance and holding for much longer.
I also see these patterns -- channels or ranges and when they resolve.... that's often a good time to enter as you will either catch a big trend or get stopped out quick. Usually the market signals are pretty clear which way it'll break... especially after 10:00.
I need to write down my trades more often. And catch more 'in play' names -- get in them with small stops of .20 losses or less. Three big losers have thrown off my entire confidence and that shouldn't be such a big deal. I never should have allowed big draws... set stops... take losses and take gains.
I need to focus on EXECUTION of clear entries and set stops with proper sizing.
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