20161014
Short 1 NQ 4839.0, +5.0
Long 1 NQ 4830.0, +4.0
Long 1 TF 1230.1, +1.2
Short 1 TF 1223.0, +0.3
Long 1 TF 1220.5, -0.7
Long 1 TF 1219.2, +1.5
Long 1 TF 1217.1, -0.3
Long 1 TF 12.8, -0.0
Long 1 TF 1213.1, -0.0
Long 1 TF 1211.1, -0.0
Long 1 TF 1211.1, +2.0
Total NQ +9.0
Total TF +4.0
In trading, one mistake tends to compound into another. One instigator of this comes from exiting an otherwise good position too soon, sometimes by simply doubting it merits even before it shows you any pain, as I did on a short at a high fairly early in the frame, and again at the LOD at the end of the 1st frame. When you get close to your trading goal for the frame, you get protective and balk at any hesitation the market shows once a position taken. Then, when it exceeds your expectations for the excursion altogether--while you're now on the sidelines--a tendency to get some revenge creeps in and you enter the next trade too early. Although you'd like to pretend you're a machine. You are not. And once out of sync, a whole series of mistakes can be committed, and your profits can be given back quickly. Stay calm. Shake off the doubts. If the model was valid, it deserves the minimum risk afforded to Trade Plan. Accept your stop-outs. A stop-out on a valid entry model is trading according to Plan. Dumping a trade because you have misgivings about it emotionally is not.
