- Trades I do in the morning don't do well. I do better after 2 PM. This may be because of several influences: - volatility is falling off after the morning's open. - less newsworthy events later in the day. - easier to find today's support and resistance.
- I tend to get in too late on a trend, then wait too long to get out of a bad trade. This may be because: - I don't use any signals, but I'm researching some. - I don't have a clear exit point, and the support or resistance is too far from the entry point.
I think I would do better if:
- I was more careful about where the support and resistance was before I opened a trade.
- I waited until after 2 pm to trade.