@tampa, im going back to european markets, cause - against my expectation - im able to trade during my working hours...so i say byebye to the e-minis... trading
So I took the nap I had threatened to take, and the market started to move. (it always does) I get up just in time to see a "short skirt" setting up around 1:45 @831 - I entered, as per the rules, sweated for a while, but was rewarded with a 3 point profit. See, it works, and I can indeed follow the rules!!! ...but the problem is that thatâs not what really happened. The part about the nap, and coming back in just in time to buy at 831 is true...the rest ainât... I managed to put on a series of trades. Eventually losing 2 ½ points, and then came back in at 832, and rode that for 3 ½ points â turning a small profit. The point is that I started out correctly, but reverted to my old ways. This is bullshit...I am ashamed of my self...
Another "short skirt" is setting up as I post this @837. I will not take it because of a 10 day EMA sitting just above - and the fact that I am still disgusted with myself. Need to calm down and regroup...you know how it is...
If that's the case, I suggest quitting for the day. Not the end of the world, nor your last discipline breach. There's always tomorrow (and Madame C.)
I'm not sure I could give you any advice, but would you mind describing exactly what you did (trades&time)? Looks to me that if you would have followed your rules +-3 pts, you would have made a bunch of money. Also whats the time for the #2 (@837) skirt? /JT
I didn't write them down - it was just 3 in and out "trading scared" trades. One lost 37.5, one lost 87.5, and one was a B/E/ As for the last set up, it came at about 2:46' BTW - the original trade would have worked (the 1:45)
For those of you following along, you now know that I out-smarted myself on the last set up. After some heat, it moved 3+ points. (sigh) SUB, where's that damned phone number!!!
Why, you want to talk to me? (I promise to be flat before any 10 o'clock number. Ouch! I promise to be flat before any 10 o'clock number. Ouch! I promise to be flat before any 10 o'clock number. Ouch! I promise to be flat before any 10 o'clock number. Ouch!)