20140826
Long 1 TF 1164.2, +1.0
Short 3 NQ 4069.0, 4068.75, 4069.5, +1.5, -2.25, -1.25
Short 1 TF 1167.2, +1.5
Short 2 TF 1168.5, 1168.4, +0.5, -0.5
Short 2 TF 1168.6, 1168.9, -0.8, -0.5
Long 2 TF 1169.4, 1169.4, -0.2, -0.7
Long 2 TF 1169.8, 1169.8. -0.0, +1.5
Total NQ -2.0
Total TF +1.8
Persistent Trend Days are usually the most challenging... especially when the trend does more grind than swing. Today, I recognized where the best chances for the more impulsive aspect of the trend to begin correctly, but one of those failed with a stp-out, weakening my constitution to hold a 2nd contract position when the latter instance appeared. In other words, I let a previous loss invade the next trade position. As long as you are not 'revenge' trading, you have to let go of a previous loss and take the next signal cleanly, and then deal with it according to your management plan quite on its own. Give the Trader voice. His most insistent and persistent vocalization is the basic question the Trade Plan demands: "Has the model arrived?" ...and, "Is the model still intact?" If it is, then wipe the little nose-bleed from your wounded psyche, stay in the ring and counter-punch the next blow. Trading is more than a little like boxing. Sometimes it actually requires taking a hit to open your eyes into a winning position. Learn to love your losses. Let them be a pathway to your success.
