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It is indeed not so good day to me. I have two losing trades today. Second trade was a SHORT on SIMSCI at 288.9. After the spike of afternoon session opening, SIMSCI looked weak.

Trailing stop was moved to 289.5 and triggered. Instead, a ‘W’ bottom is in the making and RSI starts making higher lows and MACD moving above trigger line.

Second trade closed with -0.6 point loss.

Trade summary:
Direction: Short
Entry: 288.9
Exit: 289.5
P/L: -0.6 points.

That’s all for the day. No trade will be made to avoid any potential emotional trading.

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It was a disappointed trade. Nikkei failed to push up further, instead, it formed a lower high, which does not look good to me. I have exited Long position of SIMSCI at 289.7. Initial stop loss was at 289.3.
One trade closed: -0.2 loss

Trade summary:
Direction: Long
Entry: 289.9
Exit: 289.7
P/L: -0.2

After seeing Nikkei futures recovering again, and SIMSCI futures breaking up day high, I have established a Long position at 289.9. Bull strength is not significantly strong, I am watching stop loss closely. Intraday resistance level seems to be at 292 area.

Nikkei Futures seems to be breaking a descending triangle in 10-min chart with failure of RSI. I expect it to lose a little bit more. SIMSCI, being one of the weak index in the region is likely to follow any fluctuation in Nikkei and HangSeng.

It is pretty hard for me to be bullish, look at yesterday’s movement, all the gain in the morning were given away, with good volume support. It is still too early for day trading. I am getting the feel of market sentiment now.

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It was a roller coaster day for SIMSCI. Afternoon session opened with a spike after Nikkei futures gained around 200 points. However, the upward running was not sustainable. Afternoon session did not provide opportunity for short entry for day trading as well. The selling in the afternoon session was supported by volume, which eventually gave back all the gain in the earlier session.

Well, it is a little messy for the postings today. A little bit too much huh. Here is the chart of SIMSCI for my morning trades.
Did I miss out bigger profit? Yes, I did. Was that a wrong decision to exit the trade? No. It is about plan execution. I can’t afford to be greedy and being undecisive when day trading. I learnt this from experience. So, exit the trade when target is achieved.

If I work hard, and smart, market will pay me well.

By the way, I am still feel sad about France’s loss.