NFLX- POST TRADE ANALYSIS- Journal
Everyone has different time horizons, goals, and trading strategies. It's essential to know the strategy of the person you are following. If they are a day-trader and you are a position trader, then their entries and exits won't make sense to you. I prefer to be a position-trader, but this current market has temporarily turned me into a swing-trader
One of the best ways to become a better trader is post-trade analysis. When I am on top of my game in a perfect world, I take a snap-shot of the chart when I put the trade on. And a snap-shot when I sell. If I don't have time to do this, I might want to choose a different hobby. :-)
Even though I was in profit on this one, I felt the chance of going higher did not outweigh the risk of a pull-back since it seemed extended to me.
I am happy with my decision.
10/21/2021 NFLX 652.1299
11/1/2021 NFLX 680.02
EDUCATIONAL PURPOSES; NOT INTENDED AS TRADING ADVICE.
One of the best ways to become a better trader is post-trade analysis. When I am on top of my game in a perfect world, I take a snap-shot of the chart when I put the trade on. And a snap-shot when I sell. If I don't have time to do this, I might want to choose a different hobby. :-)
Even though I was in profit on this one, I felt the chance of going higher did not outweigh the risk of a pull-back since it seemed extended to me.
I am happy with my decision.
10/21/2021 NFLX 652.1299
11/1/2021 NFLX 680.02
EDUCATIONAL PURPOSES; NOT INTENDED AS TRADING ADVICE.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.