Thur Feb 13 Trades & Journal

20140213
Short 3 TF 1123.8, 1123.6, 1124.6, -1.4, ,-1.4, +0.5
Short 4 NQ 3616.75, 3616.75, 3617.75, -2.5, -2.5, +2, -2.0
Short 3 YM 15875, 15875, 15874, +7, -5, -5
Short 2 TF 1128.0, 1127.9, +0,5, -0.5
Short 1 NQ 3624.75, -3.0
Short 2 TF 1130.2, 1130.2, -0.5, -0.5
Short 1 TF 1130.8, -0.5
Short 4 TF 1132.7, 1132.7, 1132.5, 1132.5, +2.0, +1.0, +1.2, +1.0
Long 1 TF 1129.5, +1.2
Short 1 TF 1135.5, -0.1
PM Trades
Short 2 TF 1145.0, 1144.8, +0.4, -0.5
Total YM -3
Total NQ -8.0
Total TF +2.4


The Persistent Trend Day Up can be the hardest day to trade.... unless you got the memo it was coming, then it's a piece of cake. Guess I missed the fax, because I started off fading this against a series of resistance numbers with bearish trend prejudice, and didn't dig my way out till a major pullback about half way to the whole thing. Perhaps even bigger failure was when a pullback buy opp was in hand, I dumped it quickly thinking the top was in, and that critical mistake kept me from participating in the unbelievable 3rd leg... at least it was unbelievable to me. Quitting after digging oneself out is no shame, but approaching any day with such serious trend prejudice is usually a critical mistake. The PM session offered a similar pullback, but as a bigger correction was so overdue, I balked when it failed to reach a better support number. The persistence in trend such days display and the ensuing pain from losing trades is really not the most annoying aspect to the Trader's psyche. It's actually the amazing profits offered that you failed to participate in. We'll see how things go tomorrow. Be alert. Pay attention to the Day Model signals. Examine your head for trend prejudice, and always consider the possibilities that you are wrong when the signs appear.