20121024
Long 1 YM 13054, +15
Long 2 ES 1410.75, 1410.25, +1.5, +1.5
Long 1 TF 812.3, -0.5
Long 2 TF 812.0, 812.2, -0.3, -0.5
Long 1 ES 1409.0, -1.0
Long 2 ES 1408.5, 1508.5, +1.5, -0.0
Long 2 TF 812.2, 812.3, -0.2, -0.3
Long 1 TF 812.4, -0.5
Long 2 TF 812.1, 812.1, -0.5, -0.5
Total YM +15
Total ES +3.5
Total TF -3.3
Persistence is often a key element to trading. It comes into play as the ability to overcome a loss quickly enough to take the next valid signal when it appears. But when it reappears quickly, its a battle between your recovery time and your determination to take the signals as they occur. My early TF losses were on the border line that separates my trading from my daily loss limits. I chose to ignore one final, valid TF buy signal that would have positioned a complete recovery to earlier losses for the sake of playing it safe. Stick to your plan. You should have a dollar loss limit for each day about the size of your daily profit goal. If valid signals appear before that loss limit or your trading time limit as been reached, then a valid trade signal should be executed. Stick to your plan.
