Red day for me today. I have only one regret WUBA I shorted it at its first day on a major break out above 60.00.
CCCL overextended few days in a row. was just per plan went just fine as expected. Lot of overhead resistance does help a lot when shorting. I really need to be more patient and search for those. Left a lot at the table but have no regrets for that. On long term it is better to lock in the reasonable risk vs reward.
CCCL
BLDR
I have no regrets taking this short , and when I get stopped per plan it is OK, did not break my rules.
Tried again , limited the risk , and broke even on the second try . It was increased volume at the up move that told me to get out.
WUBA
This one was on its first day run. only here I have regret for shorting it. Normally on the first day of major break out on daily I try not to short but I had to trade I guess. Will keep it on watch the next few days for sure , lest see how far up it goes. And Ill be ready for weakness.
TEDU
This just did not work, have no regrets. I will look for it to get to 14.00 area to short again.
SImilar liek WUBA , TEDY was trading above major break out level 12.45. Some times it works, some times it doesnt. I certainly could not go long on it after the daily over-extension. Just not me. Did that and lost big in the past,
If I have a sytem that works , why losing faith ?!?
If trading was easy and the set ups worked all the times everybody would only trade.
Not everyone is made for trading.
I accept the red days as part of this business and stay disciplined.
I do not tray to have green day by braking my rules. (adding to a loser, not obeying stops e.c.t.)I did that in the past it worked 99% of the time til that one trade happened and got burned.
It takes one trade one day to ruin your acct. never forget that.
Stay disciplined
Salute !
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