Look at your chart, enter and set your stop level, then do not pay attention to how your account is affected by pullbacks, bounces etc. At least that is my view.
I'm stalking a long in this area. Will be happy with 4000, but could run further on the day. Still feels like one of those days that could roll over, so will not take a big loss on this one. ES cleared yesterday's Close, but NQ resisting the mid-point and not quite following...
I have a hunch this can run, but I'm out. Need to build that account first. One of the other things I'm doing now is that I'm trading one contract only all in/all out. So, I know that even a 10 point drawdown isn't really a big deal to get back from if I add a second contract. Had a 7 point drawdown to fight back from today, so added a seecond contract on that pop. May re-enter long as I think that's the major direction for today, but may very well be done. 4020 by the close wouldn't be out of the question from where I''m sitting.
Markets usually hover or goes up or dances somewhere in between....Up/flat, or Down/flat...they rarely cross over to the other side.