21st May Trading

Not very nice price action after 5 but what I thought was going to happen did happen again.  I felt that shorts were going to get squeezed out and prices were going to push higher and that is what happened I just didn't trade it correctly.  Even though again price would have not hit my stop I cut the trade when it looks wrong If I had left it then it would not have hit my stop and gone on to hit +50 so I need to do some analysis with my stats.  Maybe I am trying to discretionary trade too much although the way I would want to trade this is get out take the small loss then get back in again when price shows a set up which it did again.  More so on the S&P the price was squeezing out shorts but the dow obviously followed.

S&P was squeezing out shorts who were looking for bearish action as price pushed up to the high of the day but I felt it was going to break higher and I was right but traded it incorrectly.

-12 Dow