Sometimes the best trade is the trade you didn’t take. We have all heard this said many different ways, I’m sure. This was one of those days. I grabbed a pullback on $TROV thinking it would have a bounce. Well, the bounce never happened. I honestly should’ve known this from the way it was trading. $TROV decided to break support right after I got in long. Holding something like that would be a clear violation of our rules. So, I had to let it go for a small loss. It honestly feels good to obey our rules and take our losses like we should. Then on to some better setups, right? Not a chance! Everything today was like pulling teeth. In the end we are closing with 65% of our daily profit target. The only decent stock today was $PTGX. I had a hard time getting filled early on in the move. I finally grabbed it for a few decent trades. We were watching it for a nice red candle that never really happened. They laid this one down gently, relatively speaking.
Slow Trading Day!!
- Post author:mightysoldierstrades
- Post published:December 4, 2019
- Post category:Day Trading
Tags: Benzinga Pro, blog, business, crypto, day trade, day trader, day trading, daytrading, derivatives, financial news, forex, invest, investing, investing news, investor, investor education, investors, journey, learn to trade, make money online, market crash, motivation, Never Quit, options, passive income, penny stocks, pump and dump, small business, stock market, stock market news, stocks, success, swing trade, think or swim, Trade Ideas