Trade Summary
20130904
Short 2 YM 14837, 14836, -7, -0
Short 1 YM 14850, -5
Short 2 TF 1019.5, 1019.4, , -0.4, -0.5
Short 3 YM 14863, 14862, 14870, -0, -5, -5
Short 2 TF 1020.7, 1020.7, +0.5, -0.3
Short 2 YM 14871, 14870, -5, -6
Short 4 TF 1021.0, 1021.1, 1021.2, 1021.0, +0.7, -0.2, -0.4, -0.5
Short 2 TF 1022.5, 1022.2, +0.5, -0.7
Short 3 YM 14888, 14886, 14887, -6, -0, -7
Short 2 TF 1023.6, 1023.7, +0.5, +0.5
Total YM -46
Total TF -0.3
Although we had a good support number at the very low of the day in some initial selling, the signal was incomplete and the benefits to sticking to the Trade Plan models far outweighs the occasionally lucky hit of trading from just numbers by themselves. Today's action straight up throughout the 1st Frame, and pullbacks for the shorts where
structure and price aligned were extremely shallow. ....these are always the harder markets to trade. Although the losses were small these past 2 days, that's still 2 losing days in a row for me, and in my Trade Plan, that means
I start tomorrow off on the trade simulator. The point of such strict money management rules is to keep from digging deep into a negative hole for the week. If simulated profits remain unattainable from here, then a big draw-down is avoided. Money management is far more important than being right, and a consistent methodology should get back on track in time to recapture losses fairly quickly, even if a few good trades are missed while on the simulator. Stay disciplined. Have a Plan and stick to it.
