20150213
Short 1 NQ 4361.75, +5.0
Short 1 YM 17969, -12
Long 1 TF 1217.6, +1.0
Short 1 YM 17986, -3
Short 2 YM 17986, 17986, +12, +20
Long 1 TF 1214.3, +1.0
Long 1 TF 1213.2, +1.5
Long 1 TF 1213.4, -0.0
Long 1 TF 1212.8, -0.6
Long 1 NQ 4349.0, +8.0
Long 2 TF 1212.4, 1212.4, +2.4, +2.7
Long 2 NQ 4350.57, 4350.25, -2.0, +2.0
Total YM +17
Total NQ +13
Total TF +8.0
Trading requires quick admissions of when your positioned wrong, or you have exited too soon. When at a critical turn, at a point where the market action is a persistent grind, and the individual index contracts are out of sync and giving false divergent signals, it is easy to get in too early before the turn is actually complete. Fine. You're not clairvoyant. So don't beat yourself up. Just look at what's in front of you without trend prejudice. Is the entry model there...or is it not? That is all you need to consider. And if it's still there, despite some whipsaw action, surviving the action that action knocked out your stops, then get back in. Stops are there to protect you from the big surprises, where you had everything assessed incorrectly, or failed to recognized the juncture as a potential inflection. Accept what the market is at every moment you are trading. It needs no excuse or reason. It just is. Observe the market. Be the Trade Plan. ...and a good weekend to all...
