ES Journal - 2019/2020

okay averaged down to 22.00 now should see a move up within 5-10 mins, if not then i was wrong and thats it for the day.

 

big tf long here

 

crystal ball says a new RTH. it has 80% probability.

 

If I knew with 80% probability what a trade would do I would be shopping for a private island

 

yeah but when u get sucked into that 20% void, then it could give you a nice loss. so thats why have to have a good stop placement ( no regret stop loss). and have the rationality to let the trade go. as always i do check PA cos things could change easily even with higher probability nothing is 100%.

 

Sure, I could perform north of 80% if I was OK with taking an ass kicking 20% of the time, but I'm not.

 

exited a few @25.50, will let remaining run to 30.00 atleast.

 

28.50 is a big resistance, have this line from past week, how price plays near that line will give me clearer picture.

 

damn not good, my entry price started peeking out from the bottom of the DOM. Stop loss 21.50

 

having that knowledge is not enough, when it goes against you how you manage the trade is very important. also sticking to the trade plan is hard, thats why stop loss atleast getting a good stop loss placement whether hard stop or mental stop is of paramount for me. getting into losing trades is nothing new, but how you emerge from that loss unscathed is very important for me, living to fight another day or time is a lesson that i need to learn and with time i hope to learn it like second nature.