20151014
Short 1 TF 1148.4, -1.4,
Short 2 TF 1151.1, 1151.1, +1.4, +1.0
Short 1 YM 17004, -7
Short 2 TF 1150.7, +0.2, -0.4
Short 1 TF 1150.6, +1.2
Long 1 NQ 4341.5, -2.0
long 1 NQ 4336.75, -2.0
Long 2 TF 1142.4, 1142.5, +1.0, -1.1
Long 5 TF 1141.8, 1141.1, 1140.4, 1140.3, 1140.4, -1.4, -1.4, +1.0, -0.5, -0.5
Long 2 TF 1138.5, 1138.5, -0.0, -0.0
Long 2 TF 1139.1, 1139.1, -0.8, -0.8
Long 3 TF 1138.0, 1138.0, 1138.2, -0.5, -0.5 -0.5
Long 2 TF 1136.8, 1136.8, -0.0, -1.0
Total YM -7
Total NQ -4.0
Total TF -5.0
The weaker trader's mind is always looking to participate in the profits that are going by. Having only profited small at the initial highs-of-day--mostly because I mishandled the entry signals--I was left with the mental affectation of wanting to be apart of the short profits I reckoned I was owed. Unable to find an entry, I over-aggressively counter traded with longs, giving up all the small gains of the short positions I hadn't held and going into a hole for the day. I knew better. The 2nd trend tends to be truer than the 1st, and there I was fighting the 2nd trend for revenge profits against the excursion I had failed to remain short in. Don't fight the trend you failed to be in, especially when it's the 2nd trend of the frame. You can't recapture an excursion once spent any better than you can recapture profits once lost. Stay cool, for the the pullback that lends itself to being an identifiable entry model. It's the market you must be in sync with to succeed, not your need to recapture lost gains. Consistency is the key. ...and always quit when your losses have equaled the goal of your profits you didn't make.
