Trade Summary
20130816
Short 2 TF 1027.0, 1026.9, +0.4, +0.2
Long 2 TF 1023.9, 1023.9, +0.5, +2.3
Total TF +3.4
Missed the Opening Breakout Play in TF, as I was unprepared to get the order in. Too much jappin' in the chat room, and am going on just a few hours sleep. ...another publisher's deadline. Also failed to capture the post news release decline today at the 9:55 release of those Prelim numbers. I did enter the short correctly just prior to the news on the short entry signal, with nice size offering of some 250+ contracts just above to front run against, and was able to exit 1 lot quickly for small profit. But as per rules of the Pre-News play, since there was no cushion just prior to the news release, I let the last one go for a couple ticks profit, only to watch price fall back sharply a few minutes later. But missing that profit isn't the point. The rule of 'exit if no cushion on Pre-News positions' is there for a reason. It keeps me out of trouble should the news offer a big surprise spike against the pre-news trade entry model. ...but did get the pullback for a nice profit. Trading on little or no sleep is a very bad idea. But didn't want to post a 'no show' with a new group of traders in the chat room. Don't trade without sleep, and if you must, make sure your Trade Plan is on auto-pilot. cya next week....
