The True Market was not a bear trap or a bulltrap or anything of the like. Those terms imply trades, but trades only exist in the False Market. YOU were caught in a bear trap, the True Market is indifferent to that.
an important thing to think about is when something works what do you owe that to? what you owe a winning trade and what you owe to a losing trade should be the same thing.
no strategy is 100% so what works well wont work all the time. if you do what works well but then it doesnt work from time to time, its not in need of changing because its within our expectations to experience some losses. this is why consistency in strategy is important because you can track performance that way. only when our performance diminishes to the point when trades rarely work should we look for change.
BUT the first place to change is not necessarily our setups/indicators/analysis/etc etc (True Market) we should find out if we can change HOW we are trading our strategy (False Market) and look for solutions on the management side of things. More often than not trades don't work because our trade management style is not reflective of the current market environment (False Market not lining up with True Market)
Ive been having decent success lately minimizing my trades and being a LOT more selective.
Today however was really tough.
I massively controlled my losses but still ended up having a (smallish) loss as I was looking for a decent trade to setup and tried a few attempts.
The market was just really tough today imo.
Can I just put this down to a bad day or a little bit too aggresive of me (which is true, I did 1 or 2 trades that were not "easy trades")
Being extremely selective tends to improve my results as well - glad it is working for you.
Why do you attach such significance to one tough day? Once you trade for a while, you will realise that there are plenty of tough days and all you can do is get back up and get ready for the next day. If you had a small loss on a tough day, I would call that a success.
EIA? What's that? Can I eat it? Just kidding - but if you trade news events, you better be prepared to deal with the volatility and be pretty fast on your feet. Even if you do that, it does not mean you will successfully trade such events.