Keep Calm and Don't Move Your Stops.....

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Tuesday, August 2, 2016

-.74%....-.72% for the year

I learned something very valuable today. Essentially I am a totally visual learner. I need an image. I knew this but it wasn't heart knowledge. I can learn and experience verbally and written as well but its not my primary way.

This means I need to visually see the levels on the chart....and those levels MUST come from the 30M or higher....preferably the weekly. A mentor told me this the other day, I did it the first day and forgot to derive my levels from the weekly today and totally paid the price for it both in terms of the loss I suffered but also the missed opportunity that was so blatantly obvious from the higher time frame. This morning I took my levels from the five min chart and it was a total bust. I will not make that mistake every again.

No charts today because I didn't take any pictures this morning.....but tomorrow I will make sure I have those pics taken as the morning progresses.

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