'positive' news on Greece getting more money to burn thru. it's amazing to me how Europe pissing money down the drain is good for the Euro and for the DAX. the news hit little over an hour ago but clearly everyone knew it a couple hours earlier when the DAX completely diverged from the ES. WARNING: somewhat off-topic self-loathing rant alert this is a great example (albeit in the DAX not the topic of this journal- but the lesson applies well here) of trading what you see and not what you think. i saw the divergence. i even processed it aloud. still, i decided it just 'had to' roll over when the ES and NQ swooned for about 45 minutes starting around 10.45. this stupidity and stubbornly adding back after a stop was taken out have been an $8,000 mistake thus far. trade what you see= good trade what you think when it aligns with what you see- a nice bonus ignore what you see. ignore what you think you see- instead focus on what you're sure 'should happen'= fucking moronic path to financial ruin one day i will learn. you would think i would be past such juvenile rookie stupidity after all these years. NOPE.
Exit plan is the most important thing, imo. You can screw up a lot and still be saved by your exits. Thanks for sharing. "Never get in somewhere you can't get out of". Ronin. (paraphrasing).
Greeks are giving away the ouzo...they don't see the point of having money anymore.. As for your rant... Chant 100 times a day..."Matter over mind as Mind over matter useless in trading" You should be in good shape for Monday. Good luck. NiN