Sean Juan, ddefina, Thanks. Good thoughts all. I am trying to write down my rules for trading. This is harder than it looks, at least for me. (perchance because I have no rules ??) I wish I had simply opened my orders and sat all day...... I am trying to figure out how much room I need to give my opening orders to work. I get real uncomfortable with the drawdown needed before some of them work out. sigh..... so much to learn, such a dense head.
OK on the opening orders.. only 2 fills but that's ok. I wasn't as panic stricken. 2 Decent SPY trades Need to let my winners run a bit more. I am sure the first time I try to stretch it, I'll end up with zilch.. but I do need to work on it. I suspect that judgement comes with experience reading the mood of the market on any given day.
And I managed to get off a couple of OK trades in the NQ. But there was considerable mismanagement by management on some of the entries. Gotta work on that cluck factor..
Yesterday you cut losses quickly (-1.5, -1.0, -1.0), yet on Wednesday and today you let them run a bit (-6.0, -5.0, -5.0). Set a stop loss - maybe 1.5 points is a little tight, but 5 or 6 points is too generous for your style of trading. Be as discretionary as you wish, but have a predetermined stop. Keep posting and chin up for the weekend.