20150409
Long 3 NQ 4380.5, 4378.5, 4379.5, +2.0, -1.0, +2.0
Long 1 YM 17810, -10
Long 2 TF 1257.6, 1257.5, +1.2, +0.7
Long 2 TF 1255.6, 1255.9, +0.7, -0.7
Long 3 TF 1254.6, 1254.7, 1254.7, +0.7, +2.7, +0.7
Total YM -10
Total NQ +3.0
Total TF +6.0
Breakouts can be tricky. I often choose the wrong ones to go with and get stp'd out. When this happens a few times it becomes background as to following those entry models in my Trade Plan when they reappear. Today, with a decent set of trades under my belt and my profit goal reached early into the 1st Frame, I passed on a breakout model that appeared well before the end of the frame... and watched it fall 10 pts in profits without me. On the emotion side of things, missing that trade hurt a lot more than all the annoying stp-outs of the day before. That's how it goes. Nothing hurts more than missed opportunities... and even that can become a negative background to trading in the form of a sense of pressure not to miss potential opportunities, even trading outside one's plan in order not to miss them. Don't trade outside your plan. And if a breakout model is in your plan, then take it regardless as to whether the last one worked or not. If your breakout models are not finding any consistency in breakout mode, then you have the wrong filters and they have no business in your plan in the first place. But if they are in your plan, then trade them. You can't have it both ways. Putting anything in your plan that you do not take as a trade because you 'didn't like the trade' the very essence of weakness you thought to eradicate by having a Trade Plan in the first place.
