Had a few botched orders that I really screwed up. Stopped out of a crude short. Shorted again, and stopped out again. Finally committed to a short, then accidentally closed it messing around with a conditional one cancels other order. Gave up on crude short, shorted Wheat. Added to Wheat short this morning. Stopped out for small gain. Shorted again above my previous stop, only one contract. Held it all day for a nice gain. Scalped crude ok, but missed a few big short gains for hesitating; too nervous. Also screwed up an order; entered 2 buys, one was supposed to close. THe second buy order was a mistake and instead of closing it out immediately, I held it hoping it would come back for break even. 2 o'clock wanted to short crude, it was upper level of trend and I hesitated, thought it might breakout. Cancelled several sells in the $48.60 range and it is now down to $47.20. Don't hesitate. Exit mistakes ASAP.
Got hit by crude . No stop, didn't want to get taken out. Bad move, got run over. Shorted at $48.13 and $49.33. Closed one at $49.10. Took a walk. Shorted again at $49.73, and it immediately gapped up to $49.83 within two seconds. Sat tight as it shot up to $50.45, not adding to a loser. Took losses at $49.96. Scalped a few ticks afterwards trying to make some change. Watching it trade down to $49.55 after cash close burns me.
Traded ES ok, sold some verticals in SPX to offset. Small gains in ES dwarfed by losses in crude.
Caught a nice overnight bid in CL, closed and shorted today. Also scalped ES nicely. I'm flat now except for a vertical spreads in SPX. It doesn't make up for the loss yesterday but feels good. I should quit now, go for a walk. Nat gas report in 20 minutes....I'm sticking around for that. Will set tight stops if I trade it.
Doing the same thing over and over again and expecting a different result.
Shorted NG one car prior to report, while adjusting stop loss it blew WAY past me and never looked back. So I tried to short more, to try and break even sooner, instead of instantly reversing my position. This of course has happened before. I reversed my position and am now long May NG contracts for 2.709.
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