A couple of very good entries so far and one near miss great entry in NQ, but not very good management while in the trade today. It's a continual effort to have the market tell me when to get out of a trade instead of my own opinions!
cover NQ @ 1766 on that pop I had also tried to buy ES @ 1086.75 a few minutes before that but I couldn't get the fill.
Quick recap of the AM for me. Trade 1: Good entry but actually exited when I should have bought more. This is some gray area in my rules that I need to tighten up. Nevertheless, only 4 ticks of loss. Trade 2: Great entry 1 tick from the top of the move. No reason to get out after just 4 ticks of profit. This was a trade that should have been an easy 5-6 pts. Trade 3: Good entry 1 tick from the top. I saw NQ make a new low and pause and that is where I covered. In reality I should have given it a little more room and covered 8 ticks lower. Trade 4: Great entry 2 ticks off the low of the day so far. This was one where I am happy with my exit. There was a big buying spike up to 1766.50 so I covered it for +13 ticks. Trade 5: Good entry 1 tick off the high of the swing. I was very hasty in my exit though for +4 ticks. Looking back there was really no reason to get out there and it should have been a 12 tick trade. This has been a familiar theme of my trading lately. I've been able to get very good entry prices but I obviously tend to trade it way too tightly once I'm in a position. I can actually feel myself get a little more anxious when I'm up a handful of ticks as opposed to when I'm down a few. It's just a constant exercise to be as objective about the exits as I am the entries.