Nothing smarts more in trading than the profits you left on the table, or the opportunity you saw, but failed to take. The profits from early long entry signals at the LOD in the mini Russell gave us a nice start to the day as it took out the low of 2 days ago, but seemed meager in comparison to the 2nd phase of the rally towards the end of the 1st hour. I know how much it smarts because I watched my students in the chat room take the breakout play at 818.9 which I called, but then failed to take myself. ...and I was left taking counter trend crumbs when price took out the globex high from 2 nights previous. Acting on second thoughts usually suggests the Trader is not in control, and is letting the Accountant call the shots. Download and read the free ebook, Self Recognition, from valhallafutures.com, and learn to trade by rules.
Trade Summary
Long 2 YM 12881, 12881, -6, -6
Long 2 TF 812.8, 812.5, +1.0, +1.0
Short 1 TF 816.5, -0
Short 1 TF 823.1, -0.5
Short 2 TF 825.5, 825.7, +1.0, +1.1
Total YM -12
Total TF +3.6