End of day trading review 04 03 2022

#OPINIONLEADER#

FMG buy trade

WPL buy trade

Held FMG long over night in at 19.37 after it held over the 19.28 support level and iron ore on a strong move higher this week. Gap up was lacking in volume and was hitting a wall at 19.50 got out at 19.30. One more attempt long at 19.52 tight stop at 19.46 with bids lacking after a brief attempt on the break over 19.50. WPL gap down with oil pulling back this was more a technical play then going with the current macro theme given the oil price did come off quite a bit last night. Was long at 31.00 out at 30.90 and then 30.86 out at 30.79 with a range on WPL holding firm and knew it was time to leave this. I did go over my risk limit today by 0.6R and stepped away before leading to anymore issues, week was ended in the green and feel like I'm considerably more back in control with life outside of trading considerably better and looking forward to next week. Still need to work on not trading if markets are unclear as today was a good example for this with a lack of follow through and nothing really standing out.Took CHN long later on in the session with copper prices breaking out and bidders giving it a real go on the breakout over 7.50 but sellers hung on and got out at 7.42.

Daily total = -3.3R

Weekly total = 4.7R