#TAO The plan written at 202 was to fall into the range of 200-191. As long as it doesn’t break below 191, then go long. But I opened at 198.9, with a stop-loss set at 191. After I opened, it rose to 205, but I didn’t set a trailing (moving) stop-loss, which caused the profit to give back. Last night, when it dropped below 194, I panicked and manually stopped out.
This trade has several problems. Problem one:
It went up but I didn’t move the stop-loss
Problem two:
While the trend hadn’t broken, I closed based on personal judgment, not following the trading system
Problem three:
I entered too early, and my distance to the stop-loss was too far $TAO
This trade has several problems. Problem one:
It went up but I didn’t move the stop-loss
Problem two:
While the trend hadn’t broken, I closed based on personal judgment, not following the trading system
Problem three:
I entered too early, and my distance to the stop-loss was too far $TAO