Last week was, for the most part, a better week for me. Not only did I make some nice profits, but for the most part, I was picking tops and bottoms like cherry picking fast break layups. Trading was good for me and for the first time in a long time, I really felt energized
I was a lot more focused and I felt my analysis was spot on. I was paying a lot more attention to the markets and felt the enthusiasm that I suppose was missing in the weeks before hand. I'm not sure what changed over the past few weeks, but I'm just happy that my approach was much smoother and that my focus is back.
Of course, everything wasn't nice and dandy. If I were to grade my "performance", I'd give myself a B. Yes, I did a good job of picking tops and bottoms, but my trade execution and management was far from perfect. There were some trades where I could have made a ton more, but didn't follow through properly.
There were also some other setups where my stops were WAY too tight. I would pick the top and bottom, but get stopped out cause my stop was a little too tight.
One thing that I'm starting to realize is that I do a much better job using the 1-hour time frame than I do the 15-min. I can sense the spots where price could stall and I'm a lot more patient. For now, I think I should avoid those tight stop losses that come with day trading, and stay focused on longer time frames.
That's all for now. Hope to spot some nice setups this week and hopefully everything plays out as nicely as last week. good luck everyone
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