20160411
Long 1 NQ 4080.75, +5.0
Long 1 TF 1098.8, +2.0
Short 2 TF 1102.1, 1102.1, +0.5, +1.4
Short 1 TF 1104.0, -0.5
Long 1 TF 1100.8, +1.4
Total NQ +5.0
Total TF +4.3
After a losing day, especially after a big stinker like Friday's, there's a temptation to try and recover losses ...to get back what was taken from you. This usually just leads to further mistakes. Consistency is the key, so the day after a loss is an important day to reach a daily goal and quit, just to try and reestablish that consistency. Friday was also a good lesson in what not to do when you have assumed you are right...do not extend stp-losses trying to survive when price moves outside the model price and structure zone. Just let it go. There will be more signals ahead. Also, Friday's big momentum stretch Test-n-Reject model left me trained for today's action, and so I made sure I wasn't suffering any early short positions while that momentum stretch took its course. Stay focused. Stay within Plan.
