20210428
Long 5 MNQ 13888.25, 13888.25, 13888.25, 13888.25, 13888.25, +20.0, +20.0, +20.0, +20.0, +20.0,
Short 5 MNQ 13920.75, 13920.75, 13920.75, 13920.75, 13920.75, -2.25, -2.25, -2.25, -2.25, -2.25
Short 5 MNQ 13928.75, 13928.75, 13928.75, 13928.75, 13928.75, -4.75, -4.75, -4.75, -4.75, -4.75,
Short 5 MNQ 13943.5, 13943.5, 13943.5, 13943.5, 13943.5, -2.25, -2.25, -2.25, -2.25, -2.25,
Short 5 MNQ 13943.75, 13943.75, 13943.75, 13943.75, 13943.75, -2.75, -2.75, -2.75, -2.75, -2.75,
Short 5 MNQ 13963.75, 13963.75, 13963.75, 13963.75, 13963.75, -3.75, -3.75, -3.75, -3.75, -3.75,
Short 10 MNQ 13968.5, 13968.5, 13968.5, 13968.5, 13968.5, 13970.0, -5.25, -5.25, -5.25, -5.25, -5.25, -2.75, -2.75, -2.75, -2.75, -2.75,
Long 10 MNQ 13928.75, 13928.75, 13928.75, 13928.75, 13928.75, 13929.25, 13929.25, 13929.25, 13929.25, 13929.25, -2.25, -2.25, -2.25, -2.25, -2.25, -2.75, -2.75, -2.75, -2.75, -2.75,
Long 10 MNQ 13914.00, 13914.00, 13914.00, 13914.00, 13914.00, 13914.5, 13914.5, 13914.5, 13914.5, 13914.5, -2.0, -2.0, -2.0, -2.0, -2.0, -2.5, -2.5, -2.5, -2.5, -2.5,
Long 10 MNQ 13883.75, 13883.75, 13883.75, 13883.75, 13883.75, 13884.25, 13884.25, 13884.25, 13884.25, 13884.25, -1.75, -1.75, -1.75, -1.75, -1.75, -2.25, -2.25, -2.25, -2.25, -2.25,
Long 10 MNQ 13881.0, 13881.0, 13881.0, 13881.0, 13881.0, 13881.5, 13881.5, 13881.5, 13881.5, 13881.5, +15.25, +15.25, +15.25, +15.25, +15.25, +24.75, +24.75, +24.75, +24.75, +24.75,
Total MNQ +122.50
A rough road just to get back to about what I started with in the first place... ...and it should have been a one-and-done day from the get-go.
A simple exit rule could have kept me into that long position picked up just points above the initial crash low of the 1st Trend plunge. ...and that management rule..? Hold into complexity.
Why did I give it up rather than doing that simple exercise that would have given me the 1st frame goal on that first position? ...I've asked myself that a few hundred times already today... and can come up with nothing better than "I couldn't resist running my stop up to protect the first 20 points too quickly after those 20 points arrived." So resist it next time. ...easier said then done..
Was a similar habit in the RTY where I'd rush to protect 2 pts in early profits, only to get stopped out just before the position would have gone to +6 ...or more. ..and these days, that would usually mean much more.
But here is the more important observation, by far. Is it the money in those profits that you are actually trying to protect when rushing up a protective stop-loss too fast? No... rather it is the anxiety of possible embarrassment when a position that puts a couple hundred dollars of paper in your pocket gets stop-d out at break-even.. or less. ...and nothing reeks of stupidity more. ...except that of rushing up your stop-loss too quickly and missing out of the entire 2nd trend move in the first place.
Study the internal character profiles that rise to the surface while in the throngs of a trade in the little book, True Self, companion to the technical book Pivots, Patterns and Intraday Swing Trades, both available at online book stores.