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I will not allow yesterday's success to lull me into today's complacency, for this is the greatest foundation of failure. -- Og Mandino

Archive for July 29th, 2010

I didn’t trade well today. 

Yet I’m frankly not sure how I feel about it.

I had an extremely low energy level and this hot, summer Thursday, I missed the prime expected overnight bull setup by sleeping in and instead tried to catch a repeat in the U.S. session which didn’t occur, and I was generally out of sorts due in part to a few non-market distractions.

And while I’ve found that outside days (higher high & lower low than prior day) are among the most difficult to trade and establish a strong rhythm, I should have traded better … especially pressing size during one of our favorite midday setups HARD.  Sort of like bunting a pitch in your wheelhouse.

Yet one thing kept me from potential early disaster and still kept me positive for the week: (1) There was never a confirming 3LB signal on the early retracement to do anything on the long side other than probe a partial position. 

In the large scheme of things, today’s nick wouldn’t even show if you squinted at my financial statements with a magnifying glass.

But it was the tale of two grades: A for not worsening early long probes, and D for not pressing the midday setup.

Kind of like kissing your sister.

Categories : Personal Trading
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