Yesterday's result



I half-assed my premarket prep and ended up on the wrong side of the market. Not a good showing. These trades felt impatient, not well thought out. FOMO. I think I have yet to learn that it's fine to NOT take a trade. I don't need to jump in on every flicker of the 1-minute chart, just because I've had instances where I miss the entry because I couldn't read the entry off the 5-minute chart.

I think if had a) put more thought into my premarket analysis and b) been more patient on entries, I might have gotten in one short trade for a winner, and still had one small loss on the long side. Could have done better is all I'm saying.

Today we probably don't get much until after all the speeches and announcements. I am going to practice holding my fire until I see the right shot. I'm still just one good trade away from being back in black. I know that sometime between now and Friday, there's going to be at least ONE really solid opportunity for a good winner during my trading hours. I am challenging myself to wait for a trade that looks so juicy, so delicious, that there is no way I could ever regret pulling the trigger on it, win or lose.

Dec 5: -$7.37
Dec 6: -$15.66
Dec 7: -$14.08
Dec 8: $17.17
Dec 12: $-28.16
-----------------------
$-48.10

FlyingMonkey 

Yesterday's result I half-assed my premarket prep and ended up on the wrong side of the market. Not a good showing. These trades felt impatient, not well thought out. FOMO. I think I have yet to learn that it's fine to NOT take a trade. I don't need to jump in on every flicker of the 1-minute chart, just because I've had instances where I miss the entry because I couldn't read the entry off the 5-minute chart. I think if had a) put more thought into my premarket analysis and b) been more patient on entries, I might have gotten in one short trade for a winner, and still had one small loss on the long side. Could have done better is all I'm saying. Today we probably don't get much until after all the speeches and announcements. I am going to practice holding my fire until I see the right shot. I'm still just one good trade away from being back in black. I know that sometime between now and Friday, there's going to be at least ONE really solid opportunity for a good winner during my trading hours. I am challenging myself to wait for a trade that looks so juicy, so delicious, that there is no way I could ever regret pulling the trigger on it, win or lose. Dec 5: -$7.37 Dec 6: -$15.66 Dec 7: -$14.08 Dec 8: $17.17 Dec 12: $-28.16 ----------------------- $-48.10

Also have to consider it's mid December which in my opinion is a very challenging month. The year-end books are being closed out or adjusted which will make even the best setups more of a risk. This morning I analyzed the charts and saw (not traded) a couple of good setups. PA moved in the intended direction for a few ticks and then blasted back down.

The market will get brutal for us small time retail traders. I got hammered a little bit yesterday trading 2 contracts. Each time, being up 10 to 15 ticks only to have my risk taken out. I'm now sitting at plus $50. Good news is January is right around the corner. which is usually a good month for me. I'll be sitting on the sidelines today analyzing some charts... JP

The market just pulled me in, I don't know how but it did

Short @1.1778... JP

Forgot about News, Bad mistake...I'm out...

I immediately jumped into another short, lost 15 on the news event (haven't made that mistake in years). The good news is I made 19 on my second short. Still hovering around plus $50... JP

@Rrrracer Thanks. Glad your trading is going better.
@JMP3 Impressive consistency!
@FlyingMonkey Totally doable dude

Dec 13: Took a small trade. Waited forever for it to develop, and took more heat than I wanted, but it finally worked.

Thanks JackBravo... Last week we talked about the Gap and how the market was in a downtrend. That trading against it was risky... I now believe that PA might be attempting to either move towards that gap or fill it. I still would be very careful mostly because of my last posted response to Flying Monkey... JP

JMP3 

Thanks JackBravo... Last week we talked about the Gap and how the market was in a downtrend. That trading against it was risky... I now believe that PA might be attempting to either move towards that gap or fill it. I still would be very careful mostly because of my last posted response to Flying Monkey... JP

I agree with you. It seems like on the weekly timeframe, we've now hit some major support, and if the market was going to go down, it would have been today. I'm looking to go long from 1.18 at some point...though will keep your forewarning about December in mind.

I decided to break a lot of rules and play with the Euro session last night, it was detrimental. No major financial loss, but a complete breakdown of everything I have been working towards. I'll post the whacked-with-an-ugly-stick results when I get back to the trading computer.

@jackbravo, nice to see you in the black/green again my friend. Chin up, looking at the horizon and beyond.

@JMP3, you're the M6E animal LOL. Keep it up buddy

JMP3 

Thanks JackBravo... Last week we talked about the Gap and how the market was in a downtrend. That trading against it was risky... I now believe that PA might be attempting to either move towards that gap or fill it. I still would be very careful mostly because of my last posted response to Flying Monkey... JP

I think part of the reason I struggle at times is because I fail to see the bigger picture. To me, currently, that gap is irrelevant, but I am trying to learn how HTF players work. It is certainly more of a component to the forest than it is the trees, but I just don't understand the relevance yet.

Good moves happening, anyone getting them?


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