Friday, December 13, 2013

NQ fade, fake breakdown long

NQ 5 Minute Chart
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E-Mini: NQ
Long or Short: Long
Entry Point: 3455
Stop: 3450
Exit Goal:  3465
Result:W, half out at +5 stopped at even after going 8 points
Notes: All kinds of support with stop below the S1 pivot. Ran out of gas.

* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money.  Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.


 

 

 


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