Trade Summary
20130905
Short 3 TF 1029.3, 1029.3, 1029.2 +0.5, +0.5 +1.6
PM trades
Short 1 TF 1029.9, +1.2
Total TF +3.8
As yesterday's losses were under a 3 pt loss quota, and Tuesday morning's losses were trimmed by PM trades, ...and I because forgot this morning... I did not instigate my 'go to simulator' rule, which triggers after 2 losing days in a row. But I did proceed with caution and was careful only to wait til both price and structure aligned for a short today as the Test n Reject pattern of the early going set in. A breakdown trade in the YM would have added to profits, but I balked. At least I put myself back on track a bit with today's trade decisions, having done so well in August where the trading is usually poor, didn't want to start off in Sept digging a hole. One day at a time....
Stay disciplined.
PM Addendum:
The 2:30 Transition Time offered another short opp for a 1-lot trade, and added a bit to the day's modest P&L. Is important to establish series of winning days, and especially important to end a day after 2 losing days prior back in the black. Like weekend golfers, the temptation is to focus more on the big drives rather than the short game or the total score. But short term gratification almost always is paid for by a suffering outcome. Stick with your Trade Plan. Limit your trades and monitor your status for the week when things not going so well. The best way to dig yourself out of a hole is not to get in one in the first place.
