How To Trade - Example Trade, blow by blow

 

Trade washes out as it hits Stop loss. :<
A loss of 20 points. This is how trading is , not all trades make it and one needs more winners than losers to make up for the losses. All I can do now is either wait for a new trade and valuate why the trade didn't work and what to fix for the future.

In this case entering reading the overall markets weakness and last two day sell off should have looked to trade the 2min chart for a long (up) position.As shown below

The day chart has a setup entry that is triggered if tomorrow moves up past the high of today at 4518.60 then entry will be made with the stop below the low of today.