F - TRIED FOR SWING AND FAILED

 1MIN

 5MIN

 30MIN

DAILY

OK FIRST OF ALL, I SUCK AT SWING TRADING - FOR NOW

What I did wrong:

• I was scaling in all over the place without paying attention to major turning points. I mean I try to get in at turning points, but those turning points were less effective due to they were at the shorter timeframe
• I KNEW that scaling in at some prior levels were wrong. But I did it anyways because I was working with smaller size.
• Need to be more patient and let the trend develop, then get in when it actually breaks
• Watch out for volume surges on hard flushes. Usually signals turn, but have to watch for price confirmation. The last scale in was the right one.
• The 3rd scale in was also the right one if it were done after the 4th scale in. 
• Got out of all the position, since they didn't go to the highs and close strong and out side of the range see 30min. 

What I did right:

• I knew my risk was and was readily accepting it. It was 80 cents. So I knew I had quite a range to scale into with small lot sizes.
• I got out all the position for a scratch knowing full well that this isn't yet the kind of trade for me to hold overnight. We are in a news driven market, and anything could happen over night. F's close wasn't strong to give me enough conviction to hold a full position over night. Also, it closed inside the range, creating greater uncertainties as to where it'll go. Too much noise, too much risk, no go. Also the overall market is in correction phase and in confirmed downtrend. Even though we are oversold, we need price to confirm before getting in. The market can remain oversold and illogical longer than our capital can sustain. You always want to be out wishing you were in, than the other way around. Capital preservation is always job # 1, it keeps you in the game to fight another day.