The Russell opened at the top of yesterday afternoon's range and made three attempts to break out. After failing to breakout, this morning's market has made halting movements to attempt to find the bottom of yesterday's range.
First trade at 6:42 short reversal trade at 812.40 exited at -0.7. This should have been the winning trade of the morning but the third breakout attempt jostled me out of this position. I need to wait for a breakout to be confirmed before closing out of positions such as these. Next trade was long at 7:21 reversal trade at 811.00 for -1.8.
Net on the day: -2.5
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Online Encyclopedia of Trading Psychology
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