It's been a long, rough four years, honestly. Funny you should mention patience and "smart(ness)". Trading had been a real journey of self-discovery for me, and one of the two areas I discovered causing me most of my difficulties was my lack of patience which led to FOMO and sometimes verged on YOLO. The other area was my ego. I thought I was smarter than the market and smarter than I am in fact. I was and remain very serious about this remark below that I made a week or two back This hasn't been easy for me and I wish I could say it now is. Every day I know I have it in me to undo everything I've worked for this summer. I feel I turned a corner near the end of May. I know and respect the fact that I could easily find myself back on the other side of that turn. Each morning before I load my trading account, I remind myself to be patient, stay humble and submit to the rules of the trading plan I've set for myself. I wish I could say it has gotten easier. It hasn't. For me every day is struggle against some urge to commit self sabotage. That is why I don't post while I am actively scalping. I'm afraid posting during my very active period could affect how I manage my trading. I listen to music I find calming and not distracting through headphones to block out other distractions. For me this is a real struggle. But at the moment, there is nothing I'd rather do more.
Stopped on a trail stop ay 5307.25, 6 ticks before the pullback low lol. Stay, humble, Flash Crash. Stay humble or the market will humble you. I'm done for the day.
The thesis of poor earnings in a stagnant environment is one of the factors that pressured Naz, stagflation with higher energy prices with hostilities is what can hurt the market, market is looking and waiting but sell side indications predominate and they are just looking for a higher level to sell.
Unbelievably, I was low ticked at 06.75 on my trailing stop. Been back in long since. Still think we'll see that 5365/70 print today. It's an Up Day until evidence of the contrary.
If you've been doing it only for four years I'd say you're doing incredibly well. Four years is literally nothing in this game. The issues you bring up are the same we all struggle with. At least when any discretion is involved in the trading strategy. Staying humble is good advice.
Is this what capitulation looks like? I got extremely lucky today. Long all day since the globex lows on various sizes. Waiting for that 5365 print. I'm wondering if this could potentially go as high as 5400 today if we see some kind of ultimate squeeze above that level. Any thoughts? We're still in a spot that could sell, but it seems unlikely at this point unless Iran attacks Israel. Will start trailing a bit more aggressively at some point...
Ready for a quick exit at 38-40 if this ledge breaks. Re-enter on a PB instead. Please let today be the ultimate squeeze. It would behoove me.
Lock in 46 now. See if someone wants to step up here and sell this level. I wouldn't think so, but won't take the risk of a deep PB. Moving limit sell to 80.