20160407
Short 3 TF 1101.1, 1101.1, 1101.1, +1.0, +1.1, +1.2
Total TF +3.3
Entry Modeling is a science, trade exiting is an art. But that doesn't mean it is totally bereft of management rules. Today, I exited the last of a 3 contract position without allowing it to run, simply because it had gone against me about a point, and it had reached an initial support zone...which melted away as quickly as butter on hot toast. I incorrectly assumed there'd be a retest opportunity on which to short again, and on the way down, had no bounce short entry models to get back in with. Beware of your assumptions. They are seldom a good guide to trading, and in fact, are more often a signpost of self deception and impending surprise.
