A day of messy price action, and sadly, another losing day. But I’m okay with it, let’s take a look at how I lost 7 ticks in today’s market.

I started off the day seeing what I believed to be a range. The prior day ended up being a bullish trending day, and the day concluded with some sideways movement.

I monitored the price, but it was definitely choppy.

The first area that I opened an order for was a failed second entry long (F2EL). I had noticed the F2EL form at the top of the range, and I set a sell limit order. Sadly, I wasn’t filled; I missed it by 1 tick. If I had got it, this would have been my winner for the day.

When It’s Choppy, Take A Break

I continued to watch the price for over two hours. Nothing was clear, although the price had now been bouncing off the bottom of the range. I had seen many potential areas to enter this market, but none of them had met my rules.

I remained patient and decided to finally enter long into the market after I had seen price rejection from the bottom of the support multiple times. I had gathered that many bears would be getting stopped out in this area.

I went for a higher-low entry, but sadly, I was stopped out quite soon after the trade.

Now as you know, I only review Discord after I trade. Having reviewed many of the comments, it would seem I wasn’t the only person to get stopped at this level. This, in some way, filled me with confidence that I wasn’t the only person to get this wrong and that I was at least taking a trade with a reasonable reason to do so.

Sadly, it wasn’t my day.

You may have noticed that today I began trading three contracts, instead of two. This is so I can allow myself a “runner” with two contacts, being my first objective and then the final contract being the runner.