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No worries, babe... I'm always in a fog when I get back in the studio after the holiday break. I wonder if
I can even remember how to run all that gear!! lol ... then after a couple of days it's back in the saddle
again. You'll be fine .
The brain truly is a "muscle" that needs to be worked
Crappy trading conditions today... still managed 34 ticks......then gave it all back plus 10 more. Down -10 today.
Made a few mistakes
1. I got greedy. Let trades hit me several time for BE after I had 15 ticks on the table. THose should have been profit.
2. I failed to recognize the narrow range until to late. Not sure how that happened but it did.
3. I started to believe my own press....how good I've gotten lately. Suicide.
4. I didn't listen to the little voice that said enough at 34 ticks. I told myself and my trading partner, I was quitting about half a dozen times today...and didn't. An old habit I thought was gone forever. I will be diligent about that tomorrow.
Still, to be down only 10 ticks after the mistakes I made along with the choppy nature of the market is not to bad.
Cheers.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Decided to look at slightly larger trades today. That worked ok for the most part.
Net of 48 ticks after a stupid first trade......
I changed the parameters on the chart to allow for the larger trades.
Trade management was not perfect by any means and there were a couple of break evens.
Overall though, I am pleased with the results. I targeted areas on the chart that seemed logical to attract price and while I didn't hold them the way I could have or should have, I did better than I have in the past with regards to larger trades.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
I agree with this. The how is far more important than the how many.......if the how is correct, the trade may still fail, but at least its not stupid. Witness some of the break evens I had today. They were good trades, they just didn't do what I thought they would do and my trade management says to be break even. That's enough.
However, if a stupid trade works, that reinforces poor behavior. And that is suicide. I've had that happen more than once and it does produce further negative behavior.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
A nice day to day, I was more in tune with the market, far more patient, both with the set up and with waiting for the trade to develop. Mentally I was short all morning, but my higher time frames said long. I did trade short a couple of times but got on board with the long when the 1 min said the shorts were over.
I also took a trade I've never tried before. A counter trend with no moving average to confirm. It was the triangle breakdown after the $1 spike up this morning. I did it with only 1 lot and for only ten ticks as I have no idea how to gauge possible targets for a trade like that. Turns out it was a great trade but I got mine on the first impulse out of the triangle.
Overall a net of 43 ticks gained today.
First trade was a loser. Second trade was a BE+1, third trade was for 33 ticks and last trade was ten ticks.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
