20141204
Short 1 NQ 4322.00, +3.0
Long 2 YM 17857, 17857, +5, -7
Long 1 TF 1174.9, +1.2
Long 1 YM 17841, +12
Short 1 TF 1173.9, +1.3
Long 3 TF 1170.8, 1170.5, 1170.5, -0.0, -1.4, -0.8
Long 2 NQ 4311.0, 4311.25, -3.0, -3.0,
Long 3 TF 1168.4, 1168.4, 1168.4, +0.5, +1.2, +2.0
Total YM +10
Total NQ -3.0
Total TF +4.0
Price action can be so deceiving. What appears bullish can lead to a total collapse, and vice versa. But our job as the Trader is not to predict. Our job is to position. Today, at a critical buy level, I failed to place a stp n reverse order. That would have positioned me for the last and deepest leg of the collapse. I let price action convince me of the intent of the trend instead of positioning for the possibility of the outcome. "Most of the opportunity that is missed in the markets is missed by traders who couldn't concede that the market would go the expected distance...but in the opposite direction", someone once said. Remember the feelings of confidence that come with a trade. It can appear as a sort of internal cockeyness at such moments, and as such, should help send out an alarm bell that you might be missing something right in the roadway dead ahead, staring you in the face with deers eyes in the headlights. Wake up! Be the B-9 Environment Control Robot from Lost in Space. Wave your arms and call out "Danger! Danger!"
