Wed Dec 19 Trades & Journal

20121219
Long 2 TF 842.9, 843.1, +.5, -0.5
Long 2 YM 13281, 13280, +6, +10
Long 2 YM 13278, 13276, +4, -5
Short 1 TF 844.7, +0.8
Short 2 TF 845.5, 845.6, -0.3, +0.4
Long 1 TF 845.9, +1.4
Total YM +15
Total TF +2.3

Today, the signals at the early lows were not clear, and those that did come within plan parameters failed, except for modest results in a long YM position. The challenge later was to take the TF breakout after the lows were already well behind us, in the face almost no participation by the other contracts. However, the TF breakout trade was clearly in the trade plan, and it did net a minimum profit. In recent weeks, I would have talked myself out of that trade, but have to admit today I acted in a more disciplined way. Trade the plan, and if losses occur in the course of executing that plan, then learn to love your losses.