Mark, I'm in the same situation as you. I want at the end of the day have all my attention oriented towards the little one. Having pending positions puts me sometimes in a bad mood, particularly that I'm not profitable at this time. Losing money is already enough to add losing precious time with the loved ones. Besides the things that occur in our lives, it depends also on each one's trading experience. I know people who started swing trading stocks and were profitable, they have never thought about switching, or trying other time frames. But when you get burned on a specific time frame pretty often, it becomes more of a Pavlovian conditioning than any rational thinking.
There is an overbought and a CCI divergence for a short trade, but I don't like it at this point. I'll wait a little bit until I see a trade as I like them. EDIT: I would have taken the trade had I seen ER under 60 period ema. Still too sleepy, therefore I'm done for the day. I don't think I'm ready to trade. Too much hesitation, not enough focus.
Bought at 1262.5 risking target 1265.5 risk 1.5 points EDIt: Closed at 1263.5 Total: 4.25 pts loss Number trades: 13 Largest Win: 2 pts Largest Loss: 3 pts
Today I bought some WFMI (Whole Foods) for my wife. She likes these stores. I bought it for her sometime ago at 128 then sold it at 150 before the split, I couldn't resist, she didn't like that at all. I promised to buy it back, today was a good opportunity. I don't want to be like that guy (according to Nihabaashi) who spends his days at Starbucks and was short the stock !!
Scalped for one point here. Bought 1258.25 sold 1259.25. The down trend looks strong. I'll look to short bounces to resistance. We have one resistance at 1263 then 1266-67.
scratched a short trade here at 1261.5. I don't not like going against the 2 minutes trend when entering a trade.
Scalped another point from 1261.5 to 1260.5. Have to leave for at least one hour. Total: 2.25 pts loss Number trades: 16 Largest Win: 2 pts Largest Loss: 3 pts My trades so far today:
Shorted at 1269.5 covered at 1272.5 for a loss of 3 points. I should have put my stop 0.75pts away but, again back to poor execution.
Shorted again at 1272 covered at 1271!!! back to where I was in terms of number of points. I'm out of here. Total: 4.25 pts loss Number trades: 18 Largest Win: 2 pts Largest Loss: 3 pts