I’m considering taking a page from @chrisfraser05’s journal.
Sometimes, checking on trades several times a day is bad for me. Daily action is an emotional roller coaster.
I should check once a day, and once the candle closes I can get a better understanding of what the chart is trying to tell me.
I have a short-term USD/DKK long trade. It bounced the MA, and was bullish for the day, then took a nose dive suddenly. It hit my SL.
Even if my SL wasn’t hit, I would have been worried. And of course, the next day it starts going back up.
A key lesson I’m learning, which I myself have posted on is: ignore the MA in narrow ranges and channels.
That’s not written in stone, but generally, I’m gonna ignore it. And the BIG rule: only open a trade on the S/R bounce–NEVER mid-channel. Anything can happen after that bounce.