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Day Trading For A Profit

I am done for the day, I have reached the limits of my zone, (respect to Mark Douglas), I entered the market early with ZN, attempted to short @126'135, I cut my losses and turned my attention to CL, shorted 47.08, I closed the first entry for a few points, covered my commission cost, I then went long with the thought CL was trying to retrace its way back up, my stop was razor thin, I locked in a profit with every significant move with the intention of not letting this trade get away from me in the chop. As I type this, price is all over the place  hunting stops, maybe CL will sell off, maybe it will climb higher?... all I know for sure is this mutha*** will not get me to trade again today,
6/5/17
Working on cutting my losses quicker.
Avoided the chop, took what the market was giving me.

"Better Trading Ahead!"


Comments

  1. like they say, a profit is a profit is a profit. glad to see that you were overall plus! here's to more good days ahead!

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    1. When not in the chop, let's take what the market is giving, when in the chop, find a hobby to kill the time.

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  2. btw Mark Douglas is the man - very clear and knowledgeable material.

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    Replies
    1. I'm grateful my mentor had me read Trading In The Zone before I knew how to put on my first trade. If one lesson that has stuck with me from Mark Douglas, it's personal responsibility for everything, can't blame the markets, the dog, the crying baby, nagging wife, poor wifi connection...

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