20170227
Long 1 NQ 5224.5, +5.0
Short 2 TF 1392.3, 1393.3, -1.4, -1.4
Short 4 TF 1397.2, 1397.2, 1397.2, 1397.2, -1.4, -1.4, -1.4, -1.4
Short 3 TF 1400.3, 1400.3, 1400.3, 1399.9, 1399.9, 1399.9, +1.5, +1.5, +1.5, +1.3, +1.3, +1.3
Short 3 TF 1139.7, 1400.2, 1400.8, -1.4, +1.0, -0.6
Short 6 TF 1403.3, 1403.3, 1403.9, 1403.9, 1404.0, 1404.0, -1.4, -1.4, +1.0, +1.0, -0.4, -0.4
Short 2 NQ 5337.25, 5337.25, +2.0, -1.0
Short 2 TF 1405.0, 1404.8, +0.7, +3.0
Total NQ +6.0
Total TF +1.2
The most obvious mistakes we make in trading usually involved an flaw in our attitudes about trading itself. We must be open to what the market is telling us, and accept this condition without reserve. It's not about what WE want to do, it's about what the market is telling us it INTENDS to do. Today, the story was being told in the NQ with the first few swings of the day with such signal precision as to accomplish our entire 1st Frame trade goal within the initial NQ swings. But we 'like' the TF contract. ...and because our ego believes it will always be able to decipher and use the TF within our Trade Plan framework, we will beat our heads against it's trend persistence and super-volatility no matter how much money it costs us in order to prove it. "It's there, I'm sure of it. The TF is not bigger than me. I'll stay without despite any indication otherwise until I get my losses back and show the profits I came here to make", our actions seem to say. But this is not the Trader. He's indifferent to which contract he uses. His opportunity assessments have no such prejudice. These are attitudes of our Analyst and Account. The former can't admit he's wrong about this current insights, and the Accountant insists we trade exactly what we've lost so that we recover exactly the same dollars we lost. We might as well call them Stupid and Stubborn. Trade what's in front of you. Your money doesn't care in what vehicle it arrives. Your Trade Plan accounts for such diversification of entry models. It's just your head that's in the way. Examine your Plan. Trading your Plan is accepting the hear and the now. Be the market.
