4:00pm An OK +$6K chip gain on the day to keep the recent mo going, although I got a bit sloppy probing the ultimate late-day down move after the FOMC minutes were released, which capped the gains more than I'd like. I admittedly got a bit cute trying to get a head start, although I did manage to keep the probe sizes appropriate.The morning gap and bear trap, which ultimately turned into a bull trap once the squeezed shorts stopped covering (remember despite the two-day climb heading into today, ES is still in a longer term range capped around 925), certainly required a flexible mind to stay in the black.
And while not a home run day at this end, I suppose I was nimble enough to avoid being among the squeezed in either session.
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5 comments:
Today was one of those days I wish I did not have so many morning duties. With big moves in the ES and EC, I did manage to get some tiny gains but I think the frustration got to me the rest of the day, and I kept remembering your line about the market not waiting for your schedule!
Hi Don,
My thanks for passing along the video of D.J. Gregory, (courtesy of Vic), from Monday. I am a believer that 90+ percent of our trading performance is mental. Witnessing a story like that adds perspective to my journey. It grounds me and provides me with a clearer mind. Both essentials to successful speculation.
Best wishes,
Chris
Steve -
Yea.
A gap and run without that initial deeper pullback is also a tough trade in my view though, in terms of getting optimal high % wholesale entries.
I nibbled on it but didn't load up purposely.
But yes, if "living life" sometimes wasn't so disruptive!
Don
Hi Don,
When you scratch a trade looking to reassess and re-enter etc do you work a bid or an offer or go at market?
Thanks and rgds
Benjamin
Ben -
Probably a little bit of both, depending on conditions, market depth, etc.
Don
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