20130604
Short 1 TF 993.4, -0.5
Short 3 NQ 3003.25, 3003.25, 3003.25, +2, 0, +3.0, +5.0
Long 1 TF 881.5, -0.5
Long 1 ES 1640.75, +2.0
Short 1 TF 991.2, -0.4
Short 2 NQ 3005.25, 3006.25, -0, +4.0
Short 2 TF 993.0, 992.8, +2.0, +1.0
Long 1 ES 1639.0, -0.25
Long 1 TF 984.7, +1.0
Total ES +1.75
Total NQ +14.0
Total TF +2.6
When a position wears you down in consolidation, the mental temptation is to get out at any profit, when one finally appears, lighten up, and tighten down remaining stop-loss orders. I see nothing wrong with lightening up and tightening down, but if you survive the last position, and price definitively breaks your way, especially if its in a contract that is following a total breakdown by the leadership of the mini-Russell, its best to let your profits run on that surviving position. This is one of the hardest things to do... let your profits run. And the longer you held a position waiting for a complete turn of direction, the more interested you are in alleviating the angst emotionally by a quick exit, but the more the position is likely to trend back to the opposite end of the range and now be a big winner. The journal is an exercise in reminding yourself of what habits are better than others, what habits should be broken and replaced. Keep up your journal. Your own trades can be the best education available for your trading.
