closed out as we get some buying off the gap fill.

I'm probably done for the day... +13 ticks on the first half, and +50 ticks on the 2nd half.

Only one trade today. +30 ticks (average tick per contract).


I have been making a lot fewer trades as of late, and my stats are really improving. It's also part of the move I've made away from scalping. You can see what the daily ticks p/l looked like for the past month when I was scalping, and what it's done since I went back to price action.


Happy trading everyone.

IT7,

I just finished reading through this thread, wanted to thank you for the willingness to share your thoughts, charts, trades, shortcomings, etc. This thread has been invaluable to me.

Just got a new book in, and I'm looking forward to reading it. I'll give an update after I finish it.

Starting off the morning disappointed with myself for hesitating and not entering long when I should have, thus watching the market make a 40+ tick run up without me. Yes I know, more opportunities abound, but I'm just noting my emotions. We'll see how price reacts to 51.5

I"m getting destroyed.

We're channeling, no?

indextrader7 

I"m getting destroyed.

indextrader7 

I"m getting destroyed.

just take a few minutes off...sounds like missing the early stuff has you chasing garbage now

indextrader7 

I"m getting destroyed.

at this point, take time to breathe,

then take time to carefully document everything,

1) your charts,
2) your emotional disposition,
3) your approach,
4*) your expectations from the positions that made you loose
5) your timing of the entry of the opening of the position
5a) what time was it in relation to the end of trading day?
5b) what chart pattern and technical analysis did you use as your primary decision making factor?
5c) what other technical indicators were in your favor or against?
5d) did you use some stupid concept of "waiting until the bar closes to enter"?
5e) did you have a preponderance of evidence to convince you to risk your capital on that position?
(i.e. how many technical patterns or indicators were agreeing or shouting against your decision)
5f) define how your expectation was going to play out, under "those" market conditions
(i.e. you entered on a retrace bottom as it was upturning, and you moved your stoploss up to BE, etc...)

6) be honest
7) accept the fact that you are documenting a losing position and a losing trade
8) try to turn off the guilt factor and
9*) use this BDA (battle damage assessment) as a learning experience, an expensive learning experience



hope that helps

good trading to you!

I'm thinking we should get 748.3 and probably 747.3 or more but the 48.3 at least

Gonna chop all over the place but that should get printed

Edit: need more sleep had to change #s
Edit again : had it right the first time...going back to bed......