{"id":506,"date":"2019-09-09T03:04:52","date_gmt":"2019-09-09T08:04:52","guid":{"rendered":"https:\/\/daytradingfreedom.com\/blog\/?p=506"},"modified":"2019-09-09T03:04:52","modified_gmt":"2019-09-09T08:04:52","slug":"a-mistake-to-avoid","status":"publish","type":"post","link":"https:\/\/daytradingfreedom.com\/blog\/a-mistake-to-avoid\/","title":{"rendered":"A Mistake To Avoid"},"content":{"rendered":"\n<p>A quick trade to finish up the first week back at the grindstone. Here&#8217;s a little short on ZM:<\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" width=\"1000\" height=\"1000\" src=\"https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/09\/Image-09-09-2019-09-55.jpeg\" alt=\"\" class=\"wp-image-505\" srcset=\"https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/09\/Image-09-09-2019-09-55.jpeg 1000w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/09\/Image-09-09-2019-09-55-150x150.jpeg 150w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/09\/Image-09-09-2019-09-55-300x300.jpeg 300w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/09\/Image-09-09-2019-09-55-768x768.jpeg 768w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/09\/Image-09-09-2019-09-55-100x100.jpeg 100w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure><\/div>\n\n\n\n<p>The stock was weak from the off. When they fall this far this fast there&#8217;s always the question in the back of your mind \u2014 can it get any further or was that it? But we push that question aside and watch the chart and the off-chart indicators, wait for the setup, and if all looks good \u2014 as it did here&nbsp;\u2014 we enter regardless.<\/p>\n\n\n\n<p>There was an obvious target around the $88.50 mark, but the price failed to get there. That failure was in itself a good indication to get out. The trade generated a little over $500 and lasted about ten minutes.<\/p>\n\n\n\n<p>There seems to have been a theme to the trades this week. A lot of shorts, and a lot of ten-minute trades. When we see a pattern or run of similar trades like this, it&#8217;s tempting to look for more the same, or to alter our strategy to favour them. That temptation is even stronger after a long holiday period without much trading, because those recent trades occupy a disproportionately large  part of our memory. But to alter a strategy that has been tested over decades, on the basis of a handful of trades made over a single week, would of course be a mistake.<\/p>\n\n\n\n<p>I hope everyone reading this has had a good week in the markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A quick trade to finish up the first week back at the grindstone. Here&#8217;s a little short on ZM:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts\/506"}],"collection":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/comments?post=506"}],"version-history":[{"count":2,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts\/506\/revisions"}],"predecessor-version":[{"id":508,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts\/506\/revisions\/508"}],"wp:attachment":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/media?parent=506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/categories?post=506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/tags?post=506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}