Trade Summary
20121017
Short 3 TF 834.4, 834.6, 834.9, -1.0, -0.3, -0.3
Short 2 NQ 2763.25, 2763.25, -1.5, -1.5
Short 2 TF 835.9, 835.8, +0.6, -0.6
Short 1 NQ 2769.75, -2.0
Short 2 YM 13478, 13478, -7, -7
Short 3 TF 839.0, 839.2, 839.6, +1.0, -0.2, +1.0
Short 1 TF 840.4, +2.0
Total NQ -5.0
Total YM -14
Total TF +2.2
Recent days have really put the pressure on the weakest aspect of my trading, namely, breakouts. The missed breakout today came in early going, and was the 1st Substitute
Sequent Inflection breakout. This usually comes with very short notice, and requires instant response. You must see your opportunities unfold according to your trade plan. Be ready. When the action is fast, you must already be thinking at least 1 to 2 plays in advance. "If such-n-such happens.... I do this and that." If it's in your plan, there's no reason to hesitate. You will never be able to figure it out any better by watching it go by, or determine if conditions are just right first to take the play. This is all 2nd guessing and 'tape reading' intuition. Go back to the plan. Is the model specified sufficiently? Does it deserve another filter as a pre-condition to enter the order? If so, pull it from the plan until you've sufficiently tested that needed filter to determine its validity. If not, then the model is ready to commit to. Commit to the plan. This is not about feelings. It's about repetition and recognition. It's about focus and commitment.
