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Today's close is very important I think...if it closes above last weeks low then game over for bears with upcoming earning season coming anything can happen...
The following user says Thank You to bmtrading9 for this post:
This is one jackass market...kind of range day becomes trend day with YM around plus 100...Now the key is to manage two positions...I missed my entry to add to the downside now I have to wait...
Flat again i.e going home 1 long ES and 1 short ES...want to sleep peacefully over the weekend but my bias is SHORT, let's see how it plays out next week.
1 ESZ5 short 1929
1 ESH6 long 1928
1 YGZ5 long 1123
I am so much depressed and dejected about trading....my gold trade was good but now looks shaky, my calls on ES were good but I am unable to take advantage of them...I am kind of freaking out and thinking is it worth at all...
I added to my gold trade at 1131 getting my average to 1127 with stop for one contract at breakeven....
I still have 1 ESZ5 Long (1908) and 1 ESH6 Short (1899)...I became a crappy day trader....
It is not meant to be easy to do all this; in fact it's meant to be very hard. If it were easy, anyone can do it. Almost everyone knows what it takes; few can actually do it consistently. That is the challenge. When adversity strikes even when you are doing the right things, it is not unfortunate because greatness is not just about doing the right things, but doing them even when they cause pain and discomfort - weathering the tough times is the inherent prerequisite for being great.
Adversity is built into the game and therefore it's not an unfortunate set-back that is keeping you from your potential; rather your potential is cut very short without being able to deal well with adversity. So expect gerat results long-term, but adversity and ups and downs short-term. It’s got to always be about doing the long-term beneficial, not the short-term pleasurable. And we dont deviate from that, no matter the pressure. And we relish the opportunity to be mentally tough when adversity strikes when so many would wilt and when it feels so unnatural to be optimistic and confident. That is the real goal and priority.
Now keep conditioning - constantly reprocess and replace any thoughts that are not in line with all of this. It will take a great commitment to unlearn old thinking patterns and instill a new way of thinking to the point of habit. And you can do it.
The following 3 users say Thank You to rahulgopi for this post:
Rahul, Thanks I know that it's not supposed to be easy...it mainly due to my fear I am suffering...I am sure I will conquer my fear but it is taking awfully long...
