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Today's P&L: -14u
At 7 o'clock there was a drop signal, I didn't go long, otherwise I could have made at least 15 points.
For long-term consolidation, just trade whichever side breaks out, at worst, just reverse the position.
I lost a trade by chasing a short, it was a signal from a group. Actually, I was a bit hesitant because the MACD looked weird, it went up to around 0, it would have been more stable to short from higher up. But looking at the pivot theory, I thought since the 5% drop hadn't been reached, there would be more downside, so I still opened a short and lost more than 10 points before closing. It's a pity I didn't go long, mainly because I wasn't sure.
Chasing shorts warning is a liquidation chart—after the longs are wiped out, they'll go after the shorts.
Some of the teachers I follow gave advance warnings about the right shoulder pattern.
But luckily, I didn't continue to short. I think it's unprofessional for a teacher to immediately reverse or continue after a loss. I shouldn't have followed, just like with the Captain, the credibility drops sharply.
Took all my vitamins in the morning, feels like I have more energy this way throughout the day.
Watch fewer videos, study more.