Dow Jones September Gameplan For My Personal Daytrading
After a rough August, I will proceed to take it slow. I was a bit aggressive and took a lot of unnecessary losses. I still ended the month +2R using my 3.5 to 1 risk to rewards.
I will use the 4-hour trend structure and support levels to then go to the 15 minute for entry to buy pullbacks into support. The trend at the moment is Bullish and I will keep playing bullish until it reverses. I will not try to pick tops.
My goals for September is to be more patient and selective on my trades. I need to focus on finding the best support levels to buy from. And to cut back on my overtrading. Less is definitely more. It took a while but I eliminated the demon of cutting profits early. I now can hold all winners to my 3.5R targets without issue.
I am sure nobody cares about this post on my own trading, but I post it for me personally. I use it to look back on to judge if I can keep my word on what it is I said I was trying to do.
I wish everyone a fantastic week ahead and to have a prosperous trading week.
I will use the 4-hour trend structure and support levels to then go to the 15 minute for entry to buy pullbacks into support. The trend at the moment is Bullish and I will keep playing bullish until it reverses. I will not try to pick tops.
My goals for September is to be more patient and selective on my trades. I need to focus on finding the best support levels to buy from. And to cut back on my overtrading. Less is definitely more. It took a while but I eliminated the demon of cutting profits early. I now can hold all winners to my 3.5R targets without issue.
I am sure nobody cares about this post on my own trading, but I post it for me personally. I use it to look back on to judge if I can keep my word on what it is I said I was trying to do.
I wish everyone a fantastic week ahead and to have a prosperous trading week.
Note
If I can just focus on buying low at great support levels then I will be in a better position. The trend is higher highs/high lows. If I can get at least a 45% win rate with 3.5 to 1 then I will be extremely satisfied.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.