ah, don't do it next time. I thought you told me that you are not trading reversals before... Stay with pullbacks for now. No Good PBs, no trade for the day. However, I totally understand now how important it is that "don't let one loser/winner afftect your next trading decision, stay focused". If you just screwed up one trade, its critical to re arrange your mind right away and take whatever the next opportunites present to you. I feel like that in ES, there is always the next trade that waiting for us. There are plenty of fishes. But we got to be prepared with right judgement. I am still trying very hard to work on that too... Even in sim, believe it or not, I treated SIM very seriously, ha...
Hi Matcha, I know I broke my rule when I couldn't resist the temptation yesterday when I saw the nice trendline signal. I am going to make a pact with myself to follow my plan to only do PBs for the next 3 months. No more excuses. I like what you said about ES always have "the next trade waiting for us." Ha ha! "There are plenty of fishes." I will take your advice to follow my trading plan to prepare for the next "fish" to come along. Me too! I think I treat SIM too seriously. I can feel my heart beat faster when a winning trade start to go against me You did really well today and this week! Those small little trades add up to a good PnL. Like Al always said, you can make a good living capturing 1 pt per contract per day! "....All the entries are executed according to the plan.... That's the key here, trade according to the plan. All the best to YOU! --po P.S. Today, I followed my plan, made +1.5pts.
Took 4 trades today. -1.25PT Weekly: PnL: +7.50. $346 Avg trades per day: 2 Winrate: 75% Largest winner: 2pt Largest loser: -1pt Have Good Weekend!
Hi Matcha, A very solid week for you! Keep up the good work! Have a nice weekend! --po P.S. Traded 4 times also today. -1.00 pt.
Today's trades. Good entry today, bad holds. But I will worry about "let runners run" later. First mission is to fine tune entries and cut losses.
Hi Matcha, Congrats! You took some of the best setups today. I agree with you the first missions are to fine tune on entries and most importantly to be comfortable with cutting losses short. You are on track on both fronts! I made 2 trades also today. Made 1/2 of your PnL, +1.50 pts. Best trading to you! --po