Swipe coin trade
First trade with
-confirmations
-risk management
-trade management
Self-awarness
: Confirmations went easy although the lot size calculation caused uncertainty within myself. Fibonnaci retracement tool took a bit to find the killzone. After putting the trade in I was questioning my trade management of my stop loss rather I quickly followed the trading plan which stated to executed moving the stop loss after price reaches outside of the killzone. I put the SL to break even. I had a feeling of anxiety and I decided to take time to re- align myself with a walk and decided to let the trade roll on without checking every couple minutes. Since I decided in the Trading plan that I do not take partials I am letting the trade follow through with break even SL.
First trade with
-confirmations
-risk management
-trade management
Self-awarness
: Confirmations went easy although the lot size calculation caused uncertainty within myself. Fibonnaci retracement tool took a bit to find the killzone. After putting the trade in I was questioning my trade management of my stop loss rather I quickly followed the trading plan which stated to executed moving the stop loss after price reaches outside of the killzone. I put the SL to break even. I had a feeling of anxiety and I decided to take time to re- align myself with a walk and decided to let the trade roll on without checking every couple minutes. Since I decided in the Trading plan that I do not take partials I am letting the trade follow through with break even SL.
Note
After trade I looked at potentially re-entering the same trade idea. I did notice that there was a news release on the calendar for the USD. From the BE to the session timing, there may have been a few reasons for the trade not following through. I also noticing while I was in the midst of deciding on committing to another trade is that I moved the SL based on the RR level, which may alter the amount of risk. Maybe entering a trade based on a specific zone within the kill-zone may help created discipline and consistency.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.