20191015
Short 2 RTY 1510.4, 1511.0, -0.0, +2.0
Short 2 NQ 7900.0, 7900.0, +2.0, +4.5
Short 1 RTY 1514.1, +1.0
Short 1 NQ 7903.0, -0.5
Short 1 RTY 1516.0, -1.4
Short 2 NQ 7902.5, 7902.5, +2.0, -2.25
Short 1 YM 27035, -7
Short 2 YM 27046, 27046, -1, -1
Short 1 ES 2987.0, -0.0
Short 2 RTY 1520.1, 1520.0, +1.1, -0.1
Short 1 NQ 7918.0, -2.00
Short 1 NQ 7923.0 -1.5
Short 2 RTY 1523.2, 1523.2, -0.4, -0.4
Short 2 NQ 7926.5, 7926.25, -2.25, -2.25
Short 2 RTY 1525.5, 1525.5, , -0.7, -0.7
Short 1 ES 2994.75, -1.75
Short 2 NQ 7945.0, 7945.0, -2.5, -2.5
Short 1 NQ 7950.0, 7950.0 -2.5, -2.5
Short 1 YM 27040, -7
Total ES -1.75
Total YM -16
Total NQ -11.25
Total RTY +0.4
Normally, markets are not a straight vertical affair...but on some days, there are. Normally, they offer reversal signals, pullback signals and--if so inclined--breakout signals too. And if you have a methodology that demonstrates consistency on the majority of trading days, then you have a good shot at catching your share of the more normal signals.. Today, there was a perfect pullback signal in the NQ that would have given me a position into the straight vertical pole vault that followed... but I just couldn't get my head around the extreme readings of climax the market had already reached just shortly before that relatively shallow pullback buy opportunity appeared... and so I balked. It's very hard to stay on the sidelines as you watch the profit meter go spinning by for trades you are not in without looking for the places where these trades are most likely to end... and just so did I give up near my maximum allowable in losses trying to find a turn that did finally show up just a short distance beyond my final round of shorts...
Quit when your losses hit the high watermark allowable you have set for them. Tomorrow is another day. There is nothing to prove. There is no 'getting even'. Instead, after a losing day or two, strive for returning to consistency. Your losses are gone forever. You can't ever get them back. But it is possible to return to consistency and thus rebuilt the profit stream you were achieving just prior to your days of stop-outs.
