Monday, April 5, 2010

Countertrend Trading Fighting Market Internals

This much gain in a countertrend trade fighting the market internals should be taken. The internals by this point should be supporting this trade but they really aren't and this is still in an uptrend, so this should have been exited and considered a scalp. I didn't and it moved up to stop out that was even wider than shown here because I widened it to over the prior bar, bad move.

With six ticks of gain, I should have at least moved stop to break even.

It's funny how real this all feels even tho it is the simulated account. I've been trading live for so long that I take this seriously and forget it's sim, which actually helps the process.

No comments:

Post a Comment