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Well, the market was moving a bit interesting as we progressed, so I am glad I at least got one nice little run. I think as we head into August it could slow us down a bit but the debt ceiling and other items may be causing more volitility.
My long terms were saying go long. So, what do I do? Of course, SHORT. haha..
I would have taken that long out of the gates, but I was trying to be more cautious and wait after the market had some time to wait.
3 trades, all-n-all, I am ok with the last couple days trading.
Well, I think I was a bit lucky today as I guess to make up for my unluckiness from Monday's 1 tick stop out.
The trading gods spared me today. One trade, one profit.
I have to say that I am seeing things so much more clearly lately. Maybe from less stress or not, but the market is grooving in my eyes. There were two very good entries today, but I have this thing that stops me once I am up for a couple points or over 1 point, then I stop trading. I would have done quite well today had I traded more aggressively, but who knows. I am thankful for the 2 points.
The best entry and clearest of the day was at 10:18EST and it was beautiful. I was done way before that, but I played with it some. It was very clear and I exited at the very top.
I lost the sound at the end of my video as I pulled out the Mic.
The first long looked good, but I was being 'short' as I was thinking it was doing a 50 retrace...
Looking at it now, it is the 50 off of the retrace, but I didn't pay attention to that...
Not groovin today at all. Knocked out by 1 tick on a couple trades and then giving a couple gifts in the same area... I was being cheap by moving my stop.
Well, I didn't feel like trading today. However, I was definitely more patient (have you noticed?) and am very happy with that. I feel like that is a breakthrough that I have truly gotten used to finally finally finally I can be done with that one.
First trade was a high risk trade, but I was ok with that. 2nd trade was clear that I could have exited and been OK! Had I traded more than 1 contract that would DEFINITELY be a scaling point.
Third trade I was surprised the price held for the 3rd time, but gladly take it. I was waiting for another pullback that came a while later but I am dealing with some stress from work, so.... (Stress that I have created of course...)
Well, I was up .8 points and was considering walking away. With the huge gap, I figured the market was telling me something. It was another example of me not trading what I saw. What I saw was that there was going to be a retrace but I figured shorts were in order.
I am not upset, as I waited and waited and finally got a good move to recover most of my trades.
Well, an almost exact repeat of yesterday except in the opposite direction!
It is obvious that I am repeating my bad habits. Got distracted today with some other business and that impacted my trading.
Not good and I believe the issue is my 'emotions' believe it or not. Had I taken my first 2 arrows, I would be walking away with 4+ points today! (I am editing this email as the previous sentence doesn't resonate with me any longer.)