20210413
Long 1 RTY 2216.5, -1.4
Long 2 RTY 2215.0, 2215.0, +3.0, -1.1
Short 5 MNQ 13944.50, 13944.50, 13944.50, 13944.50, 13944.50, +16.75, +16.75, +16.75, +16.75, +16.75,
Long 5 MNQ 13901.25, 13901.25, 13901.25, 13901.25, 13901.25,+14.0, +14.0, +14.0, +14.0, +14.0,
Total MNQ +153.75
Total RTY +0.5
I can still remember the sinking feeling I use to face when approaching the next day after a losing day. But the best policy is to depend on your Trade Plan and execute it as if your memory has been wiped. ....easier said than done, unless of course your MIB-Tommy Lee Jones Neuralyzer is fully charged, and you remember to wipe your mind clear in the first place...
Short of that, you just have to trade like Rumpelstiltskin and get on with it. And although I clearly balked at the first signal, an ES short opp, (which was a nice winner, without me) I somehow managed to wake up in time for the first RTY long opp (which I lost on a full default stop-out !), and was ok from there on.
Because, you see, the consequences of a second day of losing trades in a row means that I have to begin the following day in the penalty box of trade simulator to begin with on the third day, right from the get-go--not an easy thing to announce to the trade room as trade room moderator..... ha ! Doesn't exactly inspire confidence...
All these cash stop-out limits and behavior governor stop-out limits can be found in the last chapter of the book Pivots, Patterns and Intraday Swing Trades, available online in Kindle format.
Now... to get on with the rest of the week....