I made a mistake

All right, folks, today I want to go over a little bit of a learning lesson that I took for myself something I actually already knew, but I violated it anyway, hopefully, it’s something that you can pick up and learn in your own trading. So what exactly did I do? What went wrong? What’s the story? Well, it ended up not being that bad, I ended up climbing myself out of a hole. The bottom line is I had come into the day looking at a couple of levels here on the NASDAQ. The first level came in right here, this is an hourly chart of the NASDAQ, which was an area of interest where I thought buyers would be stepping in here, right, so we shot up, we came back down, I thought this would be a reactionary area of where I wanted to buy. So if we come over here to the lower timeframes, that is what I did. So you can see here on the lower timeframes, this first level here at around 14 200, is indicated right here on my chart. So I bought down here at around the 14 200 mark, and you can see what happened. It quickly went against me and I took a loss. So I quickly found myself down about three $350 on the NASDAQ. And then I had also identified this key level down here at 1475 1475. And so I was looking to rebuy down in that area. So I took a loss I was underwater. And I started to look at this 14 Oh 75 area as my next area to buy. Well, that’s exactly what I did. I placed limit orders who down here at 1475. And look to take up to next target. So you can see we the target was perfect right here based off the 123 bottom pattern on the two minute and the 10 Minute, reach target one basically to the tick and then pull back. So what was wrong? What did I do that I shouldn’t have done? Well, I shouldn’t have taken this trade. Well, that’s great in hindsight, right? Well, I would, on a normal day, I probably would have still taken that trade. But the fact is, is that I was not paying attention to the news. This is right when Federal Reserve Chair Powell started speaking the markets were very volatile, extremely volatile, the prices were jumping all over the dome. And I took that trade I stepped in front of that train anyways. Now I basically took the tray there was some residual residual volatility coming off the tail end of that news. But I really did like this level for various reasons. So I did decide to get back in so ended up being down about $350 ended up being plus 75. On the NASDAQ and I did some other trades today that ended up positive for me in other markets. But this was a lesson here in being aware, be cognizant of any news, especially when you have somebody like Chairman Powell speaking or anybody from the Fed, be aware of the news, stay on the sidelines, there’s always going to be another tray, there’s always going to be another day. Now I’m very pleased to announce I’ve been invited to the April wealth 365 summit. As of this recording, that is in 31 days, 16 hours and 44 minutes, yours truly is going to speak amongst a host of other speakers and presenters. There’s going to be 60 plus speakers over I believe, five, six days, a lot of quality education, numerous prizes, lots of trading education strategy. I’m going to link you to this page right here. All you got to do is put your name and email to get your free ticket and I look forward to seeing everybody there.