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The good news is I made my goal, the bad news I traded badly for three reasons:
1. Was still tired and behind in work from vacation and tried to push my ( first trade) target early. I should have not traded or took the +$100 before the open.
2. Had confidence due getting third place in the Journal competition. I started to believe that I am actually good! Ego destroyed many accounts, including a couple of mine in the past. More on that, read "when supertraders meet kryptonite."
3. Put target ( for first trade) based on daily profit target and held into the open mayhem.
On a good note, I did place two good (news) scalps to make up for first trade losses. On my last trade, I stepped out for lunch with target in place and was given a Trump gift to reach daily target. I also closed the spread at that time. Good thing I had CNBC breaking news notification which got me back in the office to close spread.
Below are captures of my trades/results.
I am up +$210 for the day. Stressful and bad trading. Not good trading and a bad start for the month. But lucky.
Much better today. As stated earlier, I was looking for longs ( for many technical/MTF reasons) and I got in with 1 MES lot at #1. There was a wide spread bar with highest volume of the morning. Then added one more few minutes later as the bar broke the upper channel, with volume as well. Later I added 3 lots at #2 as I expected 2935 to hold. There will be many bulls there, I think.
I put my target around the swing high and close to profit target, which was filled at #3. I did not want to repeat yesterday's mistake by going into the open mayhem.
I also put a spread, which believe it or not, was at plus $45 when I decided to exit. Both markets were very fast and I only go +$10. With the MES win, I will stop for the day due to work reasons and not give anything back to the pros.
K
A very good day, followed the rules, low stress and some heat on the MES. I am plus $183 for the day.
I am not buying this sell off. Notice the volume ( of course use ES not MES volume) on the down bar. It looks like maybe we dance around 2935 for a couple of days, before going higher. I expected the close below 2935 to do more damage and it did not. Weak selling===going up into the close.
I am still done and flat for the day, but if I had to trade, I would still buy.
