20181217
Long 1 YM 23912, -7
Long 1 NQ 6554.0, -2.25
Long 2 NQ 6537.0, 6537.0, +7.0, +5.0
Long 2 NQ 6525, 6526.0, +9.0, +30.0
Total YM -7
Total NQ 48.75
"2nd Trends are where the surprises lay waiting....", someone once wrote. And today was indeed no exception. ...and I have often thrown some precious capital at fading them when I was unable to find the turn at as the 1st Trend of the day reversed. But today, the signals for the early lows were clear, and the volatility very obliging. With such profits in hand, there is simply so reason to struggle with a 2nd trend. ...and a student who did miss the low, waited patiently for the right pullback and caught a piece of the 2nd trend long as it popped back into place... Nothing else is more gratifying than to see your methods absorbed and practiced by someone else... and often done so even better...
