Lightened up by one contract. Can't bear to see glacial swings on two contracts.

If there is heaven on earth, this is it, this is it.

- Pandit Jawaharlal Nehru, when overwhelmed by the natural beauty of Kashmir



Today is a textbook with trend day.

See bar 18 in the earlier 5 minute chart - that was the spike where the market showed its hand for an always in long.

Till this point I was long three contracts (I loaded up 2 more) and now am long two contracts.



Simply buying the bottom of the channel and selling the top of the channel till there is a breakout.

One can never be 'too' sure of where the market is going.
If one is too sure that itself is an indicator of the next trade being a losing trade.


Ooops, I just realized that I did not have the BarNumbers indicator switched on in the earlier 5-min charts. The bar 22 (not bar 18, sorry for the slip up) is where the bull spike confirmed the uptrend



As you can see I unloaded one lot where I should have loaded up more adding to a winning position (on the top of the same bar 22). Thankfully I realized this was a panic attack and reentered the trend on the next two bars which were part of a teeny pullback (bar 24 long).

Thankfully these panic attacks are getting lesser and lesser.

Market closes in half an hour.

I am long two lots. (a second long order triggered two bars earlier)



I am planning to hold one lot overnight if my first target is reached.

Original post date/time: 28 Feb 2013 0930 IST

Note to myself - first sign of the fact that I am trading with scared money?



Original Post Date/Time: 28 Feb 2013 1005 IST

Now take a breather.

Review.

Meditate.

Then come back.

(against what Mike Bellafiore wrote: You don't take One Good Trade and then take a nap, you take One Good Trade then move on to take another One Good Trade)



Here is the completed trade:



Original Post Date/Time: 28 Feb 2013 1010 IST

Note to myself: My each attempt at a swing trade is turning into a scalp. Holding is sacred. I myself had written - Trading is comfort with the feeling of loss, pain, uncertainty, rejection. Why am I running into issues? Meditate.


Original Post Date/Time: 28 Feb 2013 1015 IST

Today is a big day for the Indian markets.

It is the presentation of the Union Budget - these are usually volatile sessions.

Hence I am trading with reduced size.

The price action remains the same.

Original Post Date/Time: 28 Feb 2013 1020 IST