This morning I trade the ASX 200 XJO, got smashed around with premarket trades and collected some losses.
My market view was bullish however having a view and waiting for the right entry signal is two different things.
I have found that having a view for short term time frames can be an obstacle in being apt to trading WHAT IS the real reality of the charts and signals.
So I was bullish before open and the market moved higher to only whip my tight stop. :<
So I went short thinking I maybe wrong, again got whipped, :<
Went long again got whipped again, now this is getting emotional and costly :<
Saw some formation of support and a reasonable entry and went long again as originally decided.
This time the market settled and moved well to my price target with little resistance on the way for a 35 point move.
Made up the losses and captured some profit. :>
Trade Well.