20171027
Short 4 RTY 1497.1, 1491.1, 1497.1, 1497.1, +0.7, +0.7, -0.8, -0.8
Short 2 NQ 6164.5, 6164.5, +2.0, -3.0
Short 3 NQ 6166.0, 6166.0, 6166.0, +3.0, +2.0, -5.25
Short 4 RTY 1500.4, 1500.4, 1500.4, 1500.4, +1.0, +1.0, +1.9, +3.0
Short 2 NQ 6171.5, 6171.5, 2.25, -2.25
Short 2 NQ 6180.0, 6180.0, +5.0, +10.0
Total NQ +9.25
Total RTY +6.7
You enter trades on a working assumption that the Trade Entry Models you use work more often than they fail, not because you believe you know which way the market is headed. It's a subtle but critical difference. You manage those entries on the part of that assumption that acknowledges those entry models can't work all the time. Thus, you partial out to pay for the risk of the trade, and them herd cats when/if the remainder of the position goes into profits. The only thinking involved in trading is in the process of learning and compiling one's Trade Entry Models. And that is done with the cool eye of retrospective chart and indicator study--never in real time market action. Once such a trade plan is in place, you take the trades prescribed in your plan whether you 'like' them or not. Anything you don't like about the trade as it takes shape at the right edge of your video screen should be part of the Model itself, and resides there as a filter all the time. Otherwise, any apprehensions should be ignored. The Trader is a machine. The Analyst is the thinker. Put him away after the Opening Bell. He has no place in the activity of real time execution.
