I was on the wrong side of the market today, but sticking with it and trading the position let me come out with a win.
I would have been much easier to simply buy and hold. My initial long was fast, and I tried to trade the numbers @ 10am. Instead of waiting for the market to show me direction, I shorted the no great econ data. Wrong choice.
I had a stop at the overnight highs and planned to add right up to them, around 665-666.
I added to the short on every swing high, not a bad plan. I had a chance to get out with a profit on the dip at 10am, but got greedy. It gave me another chance when we found resistance at the prev swing high and initial balance high.
I didn’t take the long after 11:30 AM and I have no good reason why. Missed a lot of profit.
I grabbed a short when started to roll over just after lunch. A good trade, but failed to really after that because I got myself worked up from the morning being ‘short in the hole’.
Tomorrow is a new day. Let’s get on with it.