Learn from Losing

Part 2

Ops I did it again.

This time the scenario is slightly worse...

The confirmation in 1 hour chart is good.
I queued to Long at 14890 pts, order filled at 11pm (GMT+8, SG/MY time), 11am DJIA time.

I parked my stop loss at 60 pts away, target profit at 100 pts away.
By looking at this chart, you know, I am right, and I am suppose to be happily making profit.
Ironically...

NO

I entered this trade with my live account, which I have withdrawn my money, leaving not more than $150 in this account.
Market continue to fall, and account margin hit.
Both my exit price were cancelled automatically, system closed my position at 14852 pts.
Loss $37.

I am terribly sorry to myself.
Who is the stupidest of all to enter into a trade with an account can't sustain $60 and get triggered?
Me
Who is the stupidest of all to enter into a trade with Live account while she has promised not to do that in 2013?
Me

That's gotta be me.
$37
Worth so many hamburgers...

Related Post:
Part 1 of my Learn from Losing [Link]

Learn from Losing

Nasdaq 100 on last day of the month.

I initiated a short trade.
Based on the understanding of the end of the consolidation, from a smaller time frame.

I am not a master of trend line.. I don't trade with plotting a new diagonal lines then call them support / resistance, that's not me, but the pattern does suggest a little consolidation and it might end soon.  This is what I see.

while it might have a little range to go up, I wanted to bet on the shorting opportunity.

Market Entry initiated.
SL near previous high. 3020.

Obviously, like the trend line I set earlier.. market did has some range to go, and it reached highest 3023.
Before coming down, dive even below my short trade target.

Overall, this is what happened.

I am 1-2 hours early to enter to this short trade.
Did I make a mistake?
How do I time more accurately, how to improve?

Please enlighten me if you have any.