Account balance: $103,647.61
I checked into my charts--1 hour and higher--throughout the day, and not once were my criteria met. So I cheated again and switched to the 5-min chart.
I'm not proud of this, but I didn't once have a losing trade. I believe I traded three times based on what I saw on the 5-min chart and I posted a $1,000+ gain.
What worries me looking back on the day was that not once did I put in a stop limit or trailing stop loss option with my orders.
Oanda has by far the easiest order sheet. (So far loving Oanda--check them out!) I can put in the stop limit at the same time I set my sell/buy order. It may be a case of simply not being in the habit of doing so. Or perhaps I justify not putting in a stop limit on my 5-min chart orders because I know I won't be in them for long. In fact, on all three orders today, aside from switching windows on my laptop af few times to check email, I never once left my trades. Those are just excuses though. Even if I intend on staying "near" my trades, I should have my backup parachute ready to go.
That will be my goal for tomorrow. I still haven't decided if I'll set an overnight trade. The longer charts (1 hour and above) don't show any promise. The Bollinger Bands are trending horizontally for the most part, and if they do trend up or down, it isn't convincing so in either direction to induce me into a trade while I sleep.
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