So after 6-7 calendar days, you got bored with whatever else you were doing, and decided to post your shit in my journal. Hey, dude, look man...There's no update to post. I'm in a swing long on MES at 3370, and MNQ at 11750. This is the brass-ball department, where I finally implement my plan of time being the edge. Nothing left to say about the positions other than that. I cannot enter any other positions because my past experiences have said that while the markets generally have gone up through swings over the past 4 years, this time it really is different, because Trump says he is going to contest the election results. Don't you have other people to pick at, aside from little ol' me, with my piker trades? I'm a fucking PIKER, which you would know if you read my journal. Right? I mean, I was never beefy enough to trade REAL contracts like CL or NQ or YM. No, NEVER! I was never ever trading anything other than the micros before they were released in May 2019. Nope! Never traded anything else other than the piker micros! I forget, wildchild...Did you ever have a trading journal here? And to think this ALL started because I did not hear booing on the season's opening game in the NFL, because I was out of the room, or the fidelity of the TV speakers did not afford me the sounds of the booing when they did the Stand of Unity. And my trading career is as REAL as you're ever going to see. I never said profitable, I said REAL. Win or lose, at least it is REAL. If you cannot respect that? Step off, wildchild.
Continuing from last update... I got really frustrated with my Dec MNQ entry at 11750ish on Sep 4th, and didn't want to update the journal until it resolved. I thought I was being clever when waited for the NQ to drop like 600 points from the peak before entering. So 10 or so days later I figured that would be a good enough pullback for a MES long. Well, that didn't work out either, because at the time of entry on Sep 16th I thought I'd catch an overnight rise. Well, not clever enough because NQ proceeded to drop about 900 points after entry, and ES like 150 points. Frustrated as hell I said screw it, I will now not update until 1 of those two swings resolves. The ES finally came back on Monday, and I pulled my profit target back from 20 points just to get the hell out of it. After that I said no more entries, period, until the NQ resolves. It is finally getting close to being in profit, but hey, the ES closed, so here's the update. What really got me in a tizzy in this cycle was the "I can't stand it" attitude I had when on that Friday morning, I watched the MNQ position become the ask for about 3-4 minutes. I was watching it going..."Mmmm, it has to get there, we just had a 600 point drop!" Remember, this was in Sep before the roll, so the Dec ladder was a bit thin. Not pulling that target down a few ticks caused me to get stuck in it until now, because I have to follow my plan. The rest of the stuff between then and now were just incidental scalps. But that Dec NQ mistake kept gnawing at me psychologically. That's why I pulled my ES trade target down to 17 points from 20. (Not to mention that the exit point had become resistance for a couple of weeks). But once that MES trade started heading south, I said to myself "Nope, that's it. No more until we get out of those two huge swings." The ES drop down of 150ish points at the nadir finally broke me and caused me to go full-on sit-on-hands mode. Something I have been mulling over for these past 5 weeks is, "Well, If I can sit there and suffer a 900 point (or whatever) drop down, why can't I just do the same to the upside?" *sighs* The psychological battle continues! Onward!
Because your help was not requested, and your offer was not required. I was being sarcastic in that post. Go back and review it. You are the one who started this mess by insulting me in a SPORTS thread regarding the NFL season opener, and booing. I grovel at your feet, wildchild! I am sorry I never know what I am talking about in anything in life! I did not hear the booing! PLEASE FORGIVE ME FOR WALKING AWAY FROM THE TV DURING THE BLACK NATIONAL ANTHEM, OH MIGHTY ONE!
It's one if the mysteries of the universe why humans do this, been there and done that. The possible reasons are we hope for a quick recovery. Another reason is we believe too much in our analysis. Another; inattention and price gets away on us when not looking then we freeze. Another; we don't take losses seriously enough. Another; we are lazy and don't focus enough on our stops. Another; entranced with interest in buying but not selling. Another; prefer to be trading/in a position rather than being flat. Being flat is boring. Another; no faith in our stop loss system. Another; lack of discipline. Another; taking a loss is painful so we avoid it. Problem is, it gets worse. Another; it could be all or a combination of the above.