One thing to work on
When a positive trade turns negative, evaluate the strength of the reversal and cut losses early. Become emotionally detached from the trade, and try to look at it from the other perspective. Staying objective is critical.
Yesterday, I shorted JW.A and was up 40-50 cents in it. Unfortunately the trade turned against me yet I refused to recognize the reversal. I ended up take a 80 cent loss though an ideal exit would have been flat on the trade.
JW.A 1 min
The interesting thing was even though I knew exactly what was going on in this trade, I failed to execute my plan. My entries were good, and I liked how the flag near the low was slowly grinding down. The first indication of a reversal was when this bearish flag turned bullish. In retrospect I should have covered here, taken the small gain, or covered the position flat once it broke the 15 EMA.