Got out of overnight trade, closed 1 more
Was holding a position from yesterday’s trading. Overnight it went in other direction quite a bit and then retraced somewhat to where I had seen it the previous day. As the trading session opened the price spiked little bit but not as much as I had thought. The price action seemed strong overall.
I left my exit order at breakeven from yesterdays buy and closed the platform. The price hit my target and went further for another 10 ticks. I was just glad to be out of the trade.
The price fell down after that and I was expecting that.
Placed another trade at midpoint price towards closing. It retraced just a little and moved up as I was expecting. Bounced around little bit and then hit my target.
| 2/27/2019 10:26 (buy) | 57.3 | |
| 2/28/2019 9:33 (sell) | 57.31 | +1 tick |
| 2/28/2019 12:53 (buy) | 56.99 | |
| 2/28/2019 13:28 (sell) | 57.23 | +24 ticks |
| Total Net | $240 |
Lessons learned:
- Place a trade when there is time to watch it after studying the price action
- Need to manage the trade and not leave it on for overnight sessions.
- Some days the market can show where it wants to go and do – pay attention
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