4:15pm Interesting day in that I went back to some of my earlier 2008 tendencies with a rough start where I couldn't seem to separate my head from my lower half before finally finding some rhythm in the afternoon to turn an early ugly five figure draw into a -$3K chip scratch, or essentially my transaction cost for the day on 2,225 x 2 trading.
Two particular trades caught me on the negative side, both of which I'd classify as lower probability second pullbacks on 5-minute trend attempts which I'll often pass on during the day after a strong trend, yet Monday's sloppy close had me hesitating on setups, and as a result I definitely felt myself forcing things on delayed setups.
On the positive side, the higher-than-recent volume on the day reflects some aggressive liquidity providing trades which helped me fight back from the two negative speculative attempts. Call it a mini-EESM mode. And fortunately, my liquidity-providing game was much better than my speculative game.
There's not much else to say as I'm frankly glad the day's game is over, so I can regroup and go back to bat in the morning.
A quick note and reminder to those new folks "looking over my shoulder" as the site count surged yet again over the weekend. Please keep in mind this blog essentially reflects my personal trading journal that I've simply chosen to share with those interested. At the risk of stating the obvious, I don't have all the answers, will never profess to be some type of "guru", am not "teaching" here, am not looking to sell anything, and believe there are many ways to trade successfully. I have very deep feelings about the prevailing hype and B.S. in this industry and refuse to go there. One thing is certain though, everything is 100% real and I continue to stake my industry reputation and CME membership on it.
And despite the snowballing attention this year's performance has gathered, I still remain just one trader whose sole objective remains stretching to reach closer to his potential as we near the end of this long race that began 343 days ago.
22 days to go and I need to find that finishing kick.