20141202
Short 2 NQ 4299.5, 4300.75, +4.0, +2.0
Long 1 TF 1159.6, -0.2
Long 2 YM 17794, 17794, +7, +10
Long 2 NQ 4293.75, 4292.75, -2.0, +2.0
Short 2 TF 1162.6, 1162.7, -0.6, +0.7
Short 1 YM 17824, -7
Long 2 NQ 4300.25, 4301.25, +2.0, -2.0
Long 1 TF 1163.6, +1.6
Short 2 TF 1166.6, 1166.4, +0.7, +0.8
Long 1 NQ 4297.25, +3.0
Short 1 TF 1170.2, -0.3,
Short 2 TF 1171.0, 1170.9, -0.0, -0.5
Total YM +10
Total NQ +9.0
Total TF +2.2
Patience vs quick response seems like conflicting dialectic. In that regard, trading is much like the game of baseball. You almost have to time the moments of patience to fit the requirements of the game, but then be prepared to act almost instantaneously at the crack of the bat. Today seemed just such a day with a great deal of patience required to hold onto shorts at the 1st Frame HOD, once we had the runner in a hot-box between 2nd and 3rd. He had to make a move eventually. Throw the ball too soon and he simply goes the other way. Chase him down immediately and he simply retreats back safely to base. Today, I choked down too quickly and the runner slipped right out of the box and got the expected extra base. This kept the runner behind him from advancing, but what is the point of protecting profits when the early trade profits were all so small, and a daily profit quota not yet in hand? Watch for the extended rallies that grind on into the end of the 1st Frame. A correction usually comes in just about there.... right at the time best suited to wear a fielder out... Be patient. Read the play. Note signs of the impending outcome. Stay focused.
