Dummy day trading #47 25-Jan-2007: NQ short trade closed

I made a execution mistake today.

Short position was established at 1120am. It was a slow start. Market started sold off after 1130am. However, I was being a Chicken. Instead of letting the profit run, I covered the position with only 1 R gain. That’s a shame. Poor plan execution. It should have been a multiple Rs day. And I am feeling frustration now. So I am gonna call it a day. 🙁

One trade closed with 1 R gain. (+2.75 NQ points)

Trade summary:

  • Short below the low of 1130am candle.
  • Initial stop set above the high of trigger bar.
  • Trailing stop plan was not executed. Very poor execution.

[photopress:NQ5mincharttradeclosed.jpg,full,alignleft]

About Gav

A Father, Husband, Trader, and Blogger. A serious coffee addict. Started trading since 2005, trades Futures and FX.

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