Out of Trade

Sorry it has taken me so long to post this. My work has been out of control and I've had little time to do any trading documentation. I am now out of the trade in cash licking my wounds. I am very happy that this actually happened. You have now seen the worst case scenario of a failed trade of the divergence of 3's. I will be honest, this trade system for me has worked much better using the (5/10/15 minute) charts rather than (30/60/daily) charts. Waiting 3 days to exit rather than 3 weeks on a loosing trade is way less painful. My next blog post will be a trade off the 5/10/15 minute charts and I will use the "Low Risk" example. Win or lose, it will be educational for myself and hopefully for you.

I'm sorry for those following along that were looking for a winning trade but that is not how trading goes. It is much more important to know how to leave a losing trade than a winning one from my experience. The real emotional stress is that looking at the charts now, you see negative divergence all over the place and signs everywhere that "if I just held a little bit longer". An example of that is that the positive slope of the MACD trendline held but it could break anytime giving us a larger down turn that what just happened.

Here is the exit of the trade and I look forward to posting my next Start-to-Finish trade!