1. Making trades that I didn't have an edge in. My style has always been swing trades usually 3-4 days. Or Macro economic plays for long term. Lately I was trying to make day trades or quick trades that I didn't clearly know the proper entry and exits
2. Not using good risk/reward. I was taking a trade with a lot of risk and little reward. Based on the fact I thought I was right.
2a- Expecting rewards not in-line with the capital I was using per trade.
3. Not having an exit. Looking over the majority of my trades, my exits were not realistic most of the time they were the Nov lows
So, I went back the drawing board and it has been working so far. I went long USO on Friday and sold half yesterday. I went long JASO on Thursday and Shorted SSO on Friday as well.
Today should be very interesting.
