- Heikin-Ashi prints a candle today, haDelta may deliver a cross above its SMA3. Watch haDelta and haOscillator
- is still 335-338, while the key resistance is at 348. A break and close above 348 could open space for a larger move.
- EWO is mild
In last few days I had bid orders around 335-336. Unfortunately did not get a fill. -> here comes the mental excersise: buy higher? If yes, what's the highest level and the size that doesn't threaten a good risk/reward?
You have to enter trades like this with the worst case scenario: book the maximum possible loss on your trade in advance! :-) You must have a proper trade journal, and a sheet for your active trades, with all the realised and unrealised P/L numbers to measure all possible drawdowns of all positions.
Trading is not about winning, it is more about not losing too much at once! Trading is about risk management, and how you deal with individual and portfolio level risks/rewards.