Took some losses this morning going for the level at $29,203 after the open. Will revisit this account later today on @topsteptv. Tune in to see how it turns out
Ever move your stopโฆ only to watch price tag it and then rip straight to your target? ๐
Weโve all done it.
The next time youโre about to adjust your stop, ask yourself one question:
โAm I moving this stop because the trade is invalidโฆ or because Iโm trying to feel more comfortable?โ
Those are two very different reasons.
A stop loss should protect you when your trade idea is no longer valid, not when your emotions start getting loud.
Donโt let fear manage your trades. Let your plan do it.
Tune into @TopstepTV@Topstep for more!
Tough morning. Took 2 L's at the open but liked the level at $30,031.50. Took a short and got green on the day, taking profits on the way down and stopping out my runners in profit.
Let's see what the rest of the day gives us!
Patience paid off today.
Overnight low held
Bullish bias intact
Hourly support
Fibonacci Golden Pocket confluence
Entered long and price hit my first target in just 4 minutes.
With the SpaceX IPO creating plenty of volatility, I took the profits and started my weekend early.
A good trade doesnโt have to be a home run. It just has to follow the plan.
#FuturesTrading #NQ #DayTrader #TradingPsychology #PriceAction