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Today was my first day trading since last Wednesday. Having 4 days to think about my combine was probably not a good thing. Went through a lot of scenarios over the weekend about how my combine would end. It was a very long weekend. Then with the market being slow today on the open it prolonged my weekend anxiety. I had to wait 2 hours for my first trade. Felt like 5! I thought it would never get here! I felt better after it was completed and I am feeling better tonight. Looking to get back in the groove tomorrow. Did my Insanity workout tonight and went through my trades from today. I have a clear mind for tomorrow.
I also noticed I am feeling a bit of stress to perform well to meet the combine goals objective Could be from to much thinking over the weekend. At this point its not enough to worry about but it is enough that I am aware that is there. With that said I may drop off the grid if I determine it is my best interest for completing the combine. If do go rouge I will post my thoughts in my personal journal then repost them here when the combine is done.
Weekly has not changed much. Currently in a flag pattern on the hourly chart. The overnight was uneventful with a lot of back and forth. I will be watching for a breakout out of the hourly triangle this morning.
Had issues with my screen capture today plus I was extremely busy tonight so I dont have time to mark up a chart. So- here is a quick summary of what happened today:
I lost control today made some very stupid trades. I didnt follow my rules on trades 1, 2 & 4. I am lucky I ended the day only down 3 ticks. The first two trades should have never happened. The 3rd trade should have been my trade of the day. Because I was in a hole I was overly cautious and missed my several entries. That's when I committed the sin of taking a market order trade after I missed my entry. This is unforgivable. Spent the day digging myself out of self made hole. From the standpoint of following my rules, this was a disastrous trading day. The only thing that saved me was the trades where I did follow my rules.
CL is sitting in a giant range. Added the daily chart to show the lack of movement over the past few days. Looking for a breakout out the range. Above 9526 is a buy and below 9485 is a sell. Will trade support and resistance breaks within the range for smaller gains.
My trading goals today: Trade my plan.Stay away from dogging myself into a hole. Wait for the trades to come to me. Have patience and have discipline.
Late post: I waited a couple of hours for this trade to develop and my entry was perfect but I panicked on the pull back. I closed at +1 tick. Then it reversed and went on to hit my original target. This is a definite problem for me. I have to quit managing my trades by the flatten button.