20141024
Long 1 TF 1112.1, -0.3
Long 1 NQ 4007.0, -2.0
Long 1 NQ 4005.0, +8.0
Long 2 TF 1113.2, 1113.2, +0.7, -0.7
Long 2 NQ 4008.5, 4008.5, -2.0, -2.0
Long 2 TF 1113.2, 1113.2, -0.9, -0.9
Long 1 NQ 4008.25, -1.0
Long 2 TF 1111.7, 1111.7, -1.4, -1.4
Long 3 TF 1110.8, 1110.8, 1110.8, -0.7. -0.7, -0.7
Short 3 TF 1112.3, 1112.3, 1112.3, +0.7, -0.4, -0.4
Short 3 TF 1111.9, 1111.9, 1111.8, +1.0, -.5, +0.5
Long 2 NQ 4020.0, 4020.0, -2.0, -2.0
Total NQ -3.0
Total TF -6.1
Every day can teach you something about trading. And after you've established some good working entry models and management strategies, trading is really all about managing your head. Today, the action was challenging, especially so in the TF. But it is what it is. It's too easy to say the day was unusual, characterized by whiplash action at the turns and distinct and confusing bifurcation between the TF and the other contracts. But from that, you learn nothing. The fact is that the market is bigger than your trade plan, and can throw things at your trade plan that either trigger you in at the wrong places, or filter you out at the right places. Today did both of those to me. And is so doing, broke a winning streak that goes back about one month to September 23rd. Hold your losses to about the same amount of your profit goals on any one day. That will make recovery reachable on subsequent days. Stay disciplined. A good weekend to all....and go Royals!
