Following on from my Oil trade of Friday, which turned out to be a loser of $15, I’ve decided to continue the documenting or my trades to help me become a better trader.
I don’t have a proper and firm reason (from the trading course I’m doing) for taking this trade. This is one that falls firmly into the “no good reason to take a trade category” but atleast it helps in the journalling process.
Entry: 1204.36
Stop: 1192.57
Take Profit: 1224
Current price is 1199.60 to put me 3.76 in the red. Are you trading gold?
Update
Price has hit my stoploss and taken me out of the trade with a $12 loss.
