bmtrading9 

As mentioned in ES thread I am short Russell using TZA and short YM from 16572 with a trailing stop of 100 points and initial plan was to add at ADR_H (16630) but as I always do I missed that add....

Covered YM short at 16506 and trying to re-short at VWAP

Edit: Damn, should have waited for Asia open...

Inletcap 

Just curious- whats your short thesis?

Combination of weakness in oil, 2 hr chart over bought, daily chart resistance and UP volume is not that great to sustain a rally but that can change very quickly. $VOLSPD was holding up but underneath TICK was weak combined with less fresh new highs and lows on weekly and monthly basis so was expecting a reversal.

Wow! I should have looked at ZN and USDJPY tonight.

Since OIL is in-charge here and my expectation for today is it's going to be volatile because of CERAWeek energy conference. Still have TZA.

bmtrading9 

Since OIL is in-charge here and my expectation for today is it's going to be volatile because of CERAWeek energy conference. Still have TZA.

I expected a range day but oil thought otherwise, still have time left to be a range day...My main idea is how many day's we immediately reversed from a trend up day to trend down day without range days in between? I agree more number of such days this year but still not many...

Thanks to @GruttePier I will go thru this discussion

FT71's Price Risk vs. Information Risk argument I've just watched FT71's superb webinar on Risk Webinar: FuturesTrader FT71 on Risk, Sizing, Scaling and Trading Probabilities ( I've created a new thread because I think that thread was already cluttered and I wanted to focus on this one …

I am flipping back and forth today because of uncertainty in oil for a min it looked like it's going to rip and then immediately down, I am leaning towards end of day sell...I am always wrong or early so it might eod rip...

Whenever I go for holding longer term mentality it's going to blow on my face and when I close my position for small profits it's going to go a lot more...for example yesterday's short from 16570 not it's at 16428 I closed my short thinking adding back again but never did added back because thought about parameters/context changed.

Now I am short again at 16400 with 100 point stop, want to hold it but with every rip/dip I start questioning my thesis... but if somehow I take my whatever loss or profit it goes in my direction making me wonder why didn't I stick to my plan....

I used to be a very good swing trader holding for bigger profits (and much bigger losses ) like 50 handles on ES but now it seems I lost that mojo...

bmtrading9 

Whenever I go for holding longer term mentality it's going to blow on my face and when I close my position for small profits it's going to go a lot more.

I suffer from that too.

I call this 'Rattled retail syndrome'

The classical symptom is 'acting like day-trader in taking profits and swing trader in taking losses'

Narcissus 

'acting like day-trader in taking profits and swing trader in taking losses'

Well said sir...common issue with retail and mainly one contract guys