Going with the Trend Trade
FGBM has been trading down since the open. The idea is to short on a pullback and go with the trend.
Should have been more patient and waited for a better price. I knew it was a bad trade when I saw big green prints but I hesitated and took a 2 tick loss when I could have gotten out for a 1 tick loss. The price hovered at a 3 tick range after my exit.
FGBM trading in a tight range this morning. Recorded a trade to try out Camtasia.
Scalp trade in narrow ranging market.
The automated stoploss is to prevent a catastrophic loss. I usually stop loss manually. I changed the target from 3 to 2 ticks because based on the market the previous day it was moving too slowly and too much chop so 2 ticks seemed more likely.
The price eventually went to my 2 tick target but not before if came back to my price so I settled for a 1 tick winner.
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