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Was on the big picture pretty much what I like to see. Trend had already reversed back up and it came nicely from below. No problem with the "It can't go higher"-illusion here.
No rules broken, but thought of exiting into a downward 1-2-3 if need be, because from 2nd to 3rd stop was just too much room at that time.
Wanted to get in into a pullback into the first spike, but it gave me no opportunity. Entered after it broke above the consolidation. Wasn't really what I had intended, but kinda "forgot" about what I intended and entered anyways. Not entirely wrong I think, but maybe a trade more to avoid.
Also had concerns about correlation to the MES with that, since the chart was pretty much the same. But didn't move with it.
Big picture 2021-04-15 (5)
2021-04-15 (4)
Loss: -3.50 points / -35 Ticks
Trade #40
M2K Standard Long
This was bullshit. Almost impossible to trade that sucker after the cash-opening. Idea was also to wait for it to reverse on the small picture as long as the uptrend on the big picture is intact. That bitch moved so fast that I hardly was able to put my order in at the exact price. Was on the top of my stresslevel and stopped me out way too fast timewise. Mentally not bearable such quick losses and I wouldn't even be able to enter a second time if I had to. Moves way too aggressive for me. Gotta stop this Russel for a while.
I'm also wondering if I'm victim of another illusion here. Those "tiny-tick-movers" appear to give me tons of opportunity and build a lot of small trends, whereas the MES seems slow and not moving much distance wise. But I kinda think that in the long run I'd be better of with that.
Very satisfied with this one. Entry into smallest trend, quickly broke P2 of medium trend and finally also to a new ATH on the largest trend.
Built up fine without the stop being to far away at any point in the trade. Also pretty calm throughout the entire trade. Love it! Thanks market for this one!
Don't wanted to take this trade, but I forced myself to do, just because my gut said no. No idea if it was the right thing to do or not. Fuckin painful loss. Only gave back 1/4 from the previous trade, but I could fuckin freak out. This loss upsets me more than the 3 losses in a row the other day. Also the fast movement after the cash opening made it even worse.
It's just a fuckin trade!!! Done for this week!
The largest uptrend was already cracked, but the medium and short term trend gave me a nice "coming from below" scenario, I figured I should give a try. But probably the odds were lower than if the large trend had not cracked below its last low. On the other hand, since it bounced pretty strong back up from that low, one could also have interpreted this as successfully tested the low.
However, not a bad trade.
Yesterday no trade. Had in one long order which wasn't reached and later on 2 short orders. One wasn't reached and one had the risklevel too far away that I cancelled it. Also had an "imaginary short order" in, which would have led into the huge downtrend, which led to me feeling betrayed and missing out of "my profits", which mentally crushed me. I am so long-biased in this market, that I have huge problems shorting and I always think "That's going to be a loser for sure". Also on the weekend I spent too much time with calculating the last two weeks results into the future, which also puts more pressure and not wanting to lose on me, which makes me fearful and alters my perception.
Difficult state I'm in this week.
Trade #44
MES Standard Long
Largest trend has already turned, altough with just very minor higher lows. Was a bit hesitant, but entered and worked out nice, even though I still have that big short move from yesterday in my mind and "would have liked to have a big move on the long side today".
Those fuckin would have should have thoughts start to suck immensely!!!
On Tuesday I was pretty down and started to doubt everything again. On Wednesday morning I thought of trying different setups again and maybe to open some long-term positions in stocks, because there will likely "never come a good trade in the MES again" and also doubted my ability to recognize the trend-direction again.
Entered this trade shortly after the cash open and was nervous as hell and frickin scared of having a loss.
Big picture
2021-04-21 (13)
2021-04-21 (8)
2021-04-21 (9)
2021-04-21 (11)
2021-04-21 (12)
NEVER underestimate how far this thing can run and don't be scared of entering even after a big looking spike because of beeing resentful of missing the first leg up. The trend is more likely to continue than to reverse. That should tell me everything I need to know!
Let the stop at one point on purpose "on the long leash", which saved me from getting stopped out already earlier in the move.
Stop moved 11 times (6.5 hours in it)
Win: +39.5P / +158 Ticks
Thank you, you pretty, sexy market for this present!
As soon as I opened the chart in the morning I immediately saw an opportunity, but I didn't want to jump in right away, so I waited and took the next entry. Unfortunately loss, but doesn't bother me at all today.
Big pic 2021-04-22 (4)
2021-04-22 (2)
Loss: -3.0P / -12 Ticks
Trade #47
Got stopped out with the cash-open. Large P3 also cracked, so luckily the market made the decision for me and I don't have to bother with another entry. Was a bit painful this 2nd loss for the day, but nothing compared to other times.
Unreal. Almost exactly like Trade #45. Entered around the same time @ cash-open, big picture very similar, and before it made its first leg up after my entry, it chopped around in the same "dangerous appearing" manner, where it made a lower low before it starts the first severe move up.
I remember losing one trade on Monday and making no trade on Tuesday because I decided not to short until I feel more in the flow for that. On Tuesday evening I felt like shit. Is it over now? Will there ever come a trade for me again? But a small part of me said: "What's wrong with you? There are still 3 days left for the week! Chill down dude and don't be such an emotional puss*"
Turned out to be the best week since I started to stick to my methodology as strict as I can.
Some part of me still thinks: "What if you're just lucky and it's just a very favorable market phase?", but on the other hand if I only trade in trend-direction, always cut my losses and let my profits run, I think at the worst I'll chop around break-even, but I won't lose any severe money as long as I stick to my rules. So stay humble, be grateful and stick to your fuckin rules ALL THE TIME, WITHOUT A SINGLE EXCEPTION!
Likely a non-trend phase on the big picture / medium term trend. A bit difficult to say because the largest and medium trend and also kinda the smallest seem to be not that clearly separated today. But because of my "better a trade too much"-rule I took it anyhow. I can only start to understand those situations better with money on the line. Also was it a bit of a case of "don't be afraid to enter even after a large looking spike".
I can't really tell by now if it is a situation better to avoid a trade, or if there was actually a good enough probability for the trade working out.
Emotional no problem at all taking this loss.
Big pic
2021-04-26 (3)
2021-04-26 (2)
Loss: -3.75P / -15 Ticks
Trade #50
The kind of situation I like to see. Made a pullback in the medium-term trend and a pullback in the small trend and also close to the Largest trend high which is also the ATH. So possibility of three P2's to break.
No regrets about this one. Also no problem entering it after the first loss.
Took another loss, but just minimal bad feelings. If I think about it, I could lose 20 trades in a row and would have just lost the previous week's gains. So there's really no reason at all to complain about two losing trades. Not even about 4 or 5.
I think the idea was not bad, but I'm also kinda wondering if I expect too much. With every trade I'm waiting for the next 40P runup.
Not a big problem taking this loss.
Big picture
2021-04-27 (3)
2021-04-27 (2)
Loss: -4.00P / -16 Ticks
Trade #52
Emotional key-trade. 4th loss in a row and I could trash my fuckin computer. Got slammed down 2 points instantly 2 times just right before I could have moved my stop almost to b/e. Blamed some "fuckin wall street guy for ruining this trade with his stupid large orders".
Start asking myself again if I have any clue at all what I'm doing and if all until now was just plain luck. Time will tell, but it just sucks. Sized up 1 contract this week and lose every damn, frickin trade.
Also 2 Ticks slippage in this trade which is likely also to blame on this fuckin wall street sucker
Loss: -4.75P / -19 Ticks
2021-04-27 (8)
2021-04-27 (6)
Trade #53
"I think it is my setup". Just a damn bad joke. No idea anymore if it's a good thing to take every trade or if I should stop if they just won't work on a particular day. However, stopped for today. 5th loss in a row. Doesn't even feel real anymore and start to lose the "touch" already. Feels like I'm not taking it serious enough anymore and like I'm just dumb revenge trading. CONFUSION
7th loss in a row. In a situation now that I have no experience with. Somehow being scared to take the next trade shifts more into being scared to not take the next trade which could be a winner. In this trade again out of nowhere it got slammed down within a millisecond 3 points, which makes the loss even more painful. "Like someone does this on purpose"
Something is telling me that it would be a mistake to become hesitant taking trades. What this losing streak definitely is teaching me is, that sizing up is way more careful to do than I thought.
Also I'm wondering if my stop could be too tight.
2021-04-28 (8)
2021-04-28 (7)
At least I could move my stop 2 times for a smaller loss
Loss: -2.25P / -9 Ticks
