20140414
Long 1 TF 1115.2, -0.5
Short 1 NQ 3451.75, +5.0
Short 2 TF 1112.9, 1113.0, +2.0, +1.5
Short 1 TF 1115.1, -0.5,
Short 3 TF 1116.1, 1116.1, 1116.2, +1.0, +0.7, +1.3
Short 1 TF 1116.2, -0.9
Short 4 TF 1117.0, 1117.0, 1117.1, 1117.4, -0.7, -0.0, -0.2, -0.2
Short 3 TF 1122.6, 1122.7 1122.8, -0.7, +0.7, -0.5
Short 4 TF 1123.5, 1123.6, 1123.3, 1123.4, , +0.7, -0.0, +1.0, +1.2
Long 1 TF 1121.3, -0.5
Long 1 TF 1121.1, -0.5
Long 1 TF 1120.8, -0.5
Long 1 TF 1120.1, -0.5
Long 1 TF 1120.1, -0.2
Total NQ +5.0
Total TF +3.7
The degree to which a particular improvement in trading was difficult during attempts at mastery might be the degree to which it will be difficult to recover from the success of it once initially achieved. ...at least so it seemed today with a successful inflection breakdown trigger entered in both the NQ and TF on the first leg down. Why difficult to recover from....? Because the short, once entered, needed to be managed for the buy signals that followed on its heals so quickly as to make the trade a true Turn-n-Reverse. Without having taken that breakdown short, I would have been well prepared to buy the NQ near this morning's Low-of-Day at a Trade Entry Model I am already well practiced in and unlikely to have missed. So if I've now conquered my anxiety and bad habit of balking at that particular formation of breakout trigger and am ready to execute it more consistently, it now seems that I must not forget that the other more established Trade Entry Model might appear on occasion potentially so close upon its heels of the newer one as to inhibit the execution of the already-well-rehearsed Model back in the other direction. But it gets worse... Having made a profit on a breakout play I have balked at so many times in the past, I was left with the glow of glory and even the residual trend prejudice associated with it to such a degree that over eagerness to get back into that same trend stuck with me on the way back up, well into a place where I should have recognized the conditions of WorkDone for the bear trend at the LOD, and shifted to Trade Models appropriate for the day's budding 2nd Trend bull. Today I was not ready. Don't let the profits from the previous trend inflict you with prejudice as to favoritism of that trend past the signals of its completion. Let the feelings of glory be a warning, an alarm bell in your head. To paraphrase a word of wisdom, glory comes just before the fall.
