A crappy day

Can't shake the crappiness of the day off, so I'll write about it.

I started the day off well, I passed on the fade and took some trades off the divergence at highs early on.

Then I got stubborn, and didn't see that the President was set to speak, so I shorted anticipating a breakdown. As soon as the trade started to creep against me and I found out about the President speaking, I should have immediately gotten out and took the small loss, but I held through, scalped around the position, and wound up not gaining any ground as the market kept going up in my face.

Classic trend fighting like a complete chump.

My only consolation was that I kept it small, and Ill be back to fight another day.

What I hate more than losing is losing because I broke my rules. Losing is part of the business, but ignoring the rules should not be. I'm NOT happy right now. If I followed my rules, maybe I lose later on, but maybe I wind up staying flat and booking my profits that I had earlier instead of sacrificing them in the name of stroking my ego and trying to pick a direction without confirmation. I don't suggest that as a trading plan to build a business off of, but hey, maybe that's just me.

Anyway, I would love to go hit the punching bag, but I might break a fingernail. Thank goodness there's no ice cream in the house or I would be freezing my brain right about now.

Time to go play with the kids, that always cheers me up!

tiny

Aggravated!

Fade working nicely and hit the first target, but I missed it, waiting for a more specific entry

Still a bit until we see the gap fill, so there may be some more opportunity here on a retracement

I'm aggravated because I ignored the obvious, which was a post holiday gap, which are usually nice fades

This means that I will have to take the next trade with reduced size as per my rules.

tiny

HSP and LOGM

RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRGGGGGGGGGGGGGGGGGGGGGGGGGG!!

Michael tiny Saul

tinymjs at gmail dot com