20210512
Long 1 RTY 2180.0, +5.9
Short 5 MNQ 13221.75, 13221.75, 13221.75, 13221.75, 13221.75, -2.25, -2.25, -2.25, -2.25, -2.25,
Long 5 MNQ 13116.75, 13116.75, 13116.75, 13116.75, 13116.75, -1.50, -1.50, -1.50, -1.50, -1.50,
Long 5 MNQ 13114.5, 13114.5, 13114.5, 13114.5, 13114.5, -5.0, -5.0, -5.0, -5.0, -5.0,
Long 10 MNQ 13084.25, 13084.25, 13084.25, 13084.25, 13084.25, 13086.0, 13086.0, 13086.0, 13086.0, 13086.0, -0.75, -0.75, -0.75, -0.75, -0.75, +7.50, +7.50, +7.50, +7.50, +7.50,
Long 10 MNQ 13074.5, 13074.5, 13074.5, 13074.5, 13074.5, 13074.5, 13074.5, 13074.5, 13074.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5
Long 10 MNQ 13072.0, 13072.0, 13072.0, 13072.0, 13072.0, -1.75, -1.75, -1.75, -1.75, -1.75, -1.75, -1.75, -1.75, -1.75, -1.75,
Long 10 MNQ 13063.25, 13063.25, 13063.25, 13063.25, 13063.25, 13063.25, 13063.25, 13063.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25,
Long 15 MNQ 13058.5, 13058.5, 13058.5, 13058.5, 13058.5, 13058.5, 13058.5, 13058.5, 13058.5, 13058.5, 13061.25, 13061.25, 13061.25, +22.25, +22.25, +22.25, +22.25, +22.25, -0.75, -0.75, -0.75, -0.75, -0.75, -0.5, -0.5, -0.5, -0.5, -0.5,
Long 10 MNQ 13045.75, 13045.75, 13045.75, 13045.75, 13045.75, 13045.75, 13045.75, 13045.75, 13045.75, 13045.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75,
Long 10 MNQ 13037.75, 13037.75, 13037.75, 13037.75, 13037.75, 13037.75, 13037.75, 13037.75, 13037.75, 13037.75, +20.00, +20.00, +20.00, +20.00, +20.00, +31.0, +31.0, +31.0, +31.0, +31.0,
Total MNQ +235.0
Total RTY +5.9
"Second trends are where the surprises hide," my mentor use to remind me. But he didn't seem to remind me enough of the mental trap we find ourselves in when failing to capture the turn between the 1st and 2nd trends. As having been stopped out trying to find it, I was left looking for trades to fulfill my daily goal, and for the most part, either stepped into appraised 2nd trend turns too soon, or failed to get out with more scalp-like profits from turns I was able to identify correctly.
As it so often happens, the more substantial reversal came as the 2nd Frame was coming to an end, where my persistence at holding on for some complexity (read that as my stubbornness) finally clawed my way into a goal-reaching bounce.
My opening remarks in the room turned to be prescient. ...that the previous two days of trading had been a little too easy, and a more difficult time in our current volatility was likely to show up with repeated attempts and stop-out recoveries... welcome to Nasdaq futures trading....