20210414
Short 2 YM 33714, 33717, -9, +12
Short 1 RTY 2260.1, -1.1
Short 2 RTY 2260.7, 2260.5, -1.5, -1.5
Short 5 MES 4139.75, 4139.75, 4139.75, 4139.75, 4139.75, -2.0, -2.0, -2.0, -2.0, -2.0,
Short 1 YM 33749, -9
Short 2 RTY 2267.7, 2267.8, +7.0, +4.2
Long 5 MNQ 13934.5, 13934.5, 13934.5, 13934.5, 13934.5, -4.25, -4.25, -4.25, -4.25, -4.25,
Long 5 MNQ 13918.25, 13918.25, 13918.25, 13918.25, 13918.25,+34.75, +34.75, +34.75, +34.75, +34.75,
Total MES -10.0
Total MNQ +152.5,
Total YM -6
Total RTY +7.1
The first trend of the day is the best one to fade. Emotionally, it's the more difficult. And initial heat in the RTY had to be overcome with repeated entries.. But to complicate things further, what if the NQ and the RTY have first trends in the opposite directions? Bifurcation, or 'versus play', as we call this obstinate action, adds a special layer of adversity to trading all its own. And today found me shorting the RTY while buying the MNQ. When such opposing trend trades come exactly at the same time, we call this being in a 'Screwball'. ...and it takes an extra bit of concentration to get your head around it. Imagine a pitcher in baseball be allowed to throw two balls at once... and add to that, a pitcher with the ability to throw opposing curve pitches in opposite directions... and you might get the level of concentration it sometimes takes to handle managing two such futures trades simultaneously.. Both pitches seldom work out for you if you hit them both with your bat on the same swing. But if the profits of one exceed the losses of the other, they let you take first base...
...and good trading the rest of the week to all...