Continuing from trade 28. Another light week. Wanted to get a feel for the market reactions to the two-day nutty-fest that was the meeting and the GDP print, but damn, Powell said all the right things. Looks like I can net out that Sep MYM SEP position in profit soon.
Continuing from trade #30... Another light week. I cannot fathom the longer-term direction, and couple that with how shitty my stops have been compared to my entries in sim, I must stay conservative again. Especially with CPI next week. And the monkey on the back keeps scratching...
Continuing from trade #32... Been a hell of an up week. It took me by surprise. As usual I was trading lightly because of that fucking monkey on my back, along with watching how markets responded to the inflation prints. It has me in a mental whirlwind because of how long it has been in play. It looks like it will resolve itself very soon now, after these very strong past 7 weeks. I could close it out now and be flat but net positive on the trade if including the Dec trades, but the momo looks good until Sep, so letting it continue.
Continuing from trade #34... Finally closed out the monkey on back... The reason the trade numbers and totals don't match is because I had to expand the range backwards to May for the journal to be able to detect the trade. So sad how bad the NT journal indexing is. After the minutes release on Wednesday, it looks like the market was satisfied with what it said and I went long 1 MNQ. But that did not last. It went about 50 points into profit before pulling back. My target was 80 points. Oh well, he we go again.
I told you trading the market, especially daily/intraday, can be part art, part science. It can definitely be much more complicated and dynamic than Just buying Long with good economic numbers, and Betting Down on bad economic numbers, If trading were that easy, simple and basic....there would be millionaires all over the place, But you choose to dismiss my wisdoms as bs. and now you suffered a loss, and many losses.
One suffers a loss only when they sell at a loss. Clearly you have not read my journal here, which is older than you. If you did, you would realize that the red number you see there is unrealized loss. That is my MO. I post completed trades first, and then open positions, if any, next.
No trades this week, as I was waiting for the data, and especially Powell. And Powell did exactly opposite of what the market was pricing in today when he opened his pie-hole at Jackson Hole. That little 8 minute speech of his dropped the markets over 3%. The NDX what, almost -5%? Hehe, the fun and games continue...Still have it open... That trade was entered shortly after the minutes release last Wednesday. And here we are, with his a-hole speech countering everything the market expected after the softer inflation numbers.
No trades this week either. Was getting really into the idea of layering in on another instrument long today after the "goldilocks" job report, but when the Nord Stream news came out? Fugheddabouddit. So hanging on until there's some better guidance.