Thursday Notes – Kissing Your Sister
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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.
You’re not the only one who struggled yesterday. I shorted three times pre open between 1108 and 1109.5 and was stopped out three times from 1109 to 1111.5. I had a strong feeling about price breaking below 1100 at some point during the day because of some movements in other markets. I didn’t try a fourth time. Perhaps my motto should be “five strikes and out” not “three strikes and out”?
Not so bad when your sister is Carrie Fisher.