NQ Trades RT

I'm looking for one last down thrust. Hopefully I can get 1549. I'll give it 5 more minutes or so.

 

I'm confused as confused can be. I have an order in for 1549, which I feel confident about. However, I'm trying to get myself prepared to pull the plug if need be.

 

BOT 1549 CLOSE 14:03:41

I'm pretty happy about this. Thrilled actually. That was a close call.

 

I would like to get one more two pointer in order to salvage Trade 5. However, I need to be careful because I am extremely vulnerable right now.

 

I'm taking a break until 2:25 to get my mental game back on track.

 

SLD 1545 OPEN 14:49:30

I don't think this is such a good idea. I've put an order in for 1544.5.

 

BOT 1544.5 CLOSE 14:53:30

Will think about buying at 1546.

 

BOT 1545.5 OPEN 14:56:35

 

SLD 1546.5 CLOSE 14:58:20

Done for today.

 

I'm wondering how you got to -10. Is that a planned risk you are willing to tolerate? If it kept going up what would you have done? If it wasn't a tolerable/planned risk, do you have anything in your toolbox to ensure it won't ever happen again? Or are you playing Russian Roulette? I feel funny saying this b/c you are a much better trader than me. But from your posts about this trade it seems like you suddenly found yourself somewhere that you didn't want to be.