Dummy day trading #48 29-Jan-2007: NQ short trade closed

Lack of patience today, I took a lousy setup this morning, and I was punished. After waiting for around 90 minutes after opening bell, I saw a lower high in NQ futures. I took a short position around 11am (NY time), although my indicators are showing me a choppy day.

One trade closed with 1 R loss. [photopress:NQ5minShorttradeclosed.jpg,full,alignleft]

Trade summary:

  • Short below the low of 1055am candle.
  • Intial stop set at last swing high
  • Stop was triggered.

I will stop for the day. This should be an exciting week

About Gav

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

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