I am getting used to only taking one trade each day now. Hopefully, I will start taking more trades in the future if I see good entry signals. There was a great reversal signal at the HOD on several of the charts, and It is a trade I used to take without hesitation.
Today's trade is a reminder to me that I need to improve on my trade management skills and not get shaken out by the first obstacle. I had a great entry on a very good premise of engaging the overall uptrend at a demand zone. There was also very good reasons to hold on to the trade, especially after price had based inside a large volume climax churn bar with a very impulsive breakout.
However, as soon as I saw the 2 min reversal HVC bar, I was looking to lock in profits rather than let it run to it's target. I had already moved my SL above break even and below a great engulfing bar, so I should not have tried micro managing the trade. I should have done what I did yesterday and walked away from the PC and allow the trade to either stop me out for a small profit or go to it original target.
Here are the EOD charts with comments:
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