Thurs Oct 24 Trades & Journal

20131024
Long 2 ES 1740.5, 1740.25, +2.0, +1.5
Short 2 NQ 3343.5, 3343.0, +2.0, -2.0
Short 2 NQ 3344.0, 3345.0, +2.0, +2.0
Long 1 TF 1109.6, +1.0
Short 1 TF 1112.6, +0.7
Long 2 TF 1110.9, 1110.5, +1.0, +0.7
Total ES +3.5
Total NQ +4.0
Total TF +3.2

Holding onto positions to get their fuller excursions is perhaps the biggest challenge of all. The markets are so volatile, and in the 1st frame where I concentrate my entries, the whiplash action pushes you out of trades mentally often too soon. That, and finding the right breakout filters are the two areas in need of most of my focus on improvement. The issue of the right breakout filters is a work in progress in study and post-market closing time studies, and not a mental issue. Exiting too soon, that's a mental thing entirely, and is complicated by the needed confidence of taking more than one or two contracts when a trade signal appears. Will try to bring more focus into that issue in the coming days ahead, here in the journal. Stay focused.....