: $37.50 +0.75 ES points
Total trades: 7 [1 scratch]
Execution score: tbd %
Opportunity cost: $ tbd
day where it started with a losing trade, and I said to myself that I
won't make the same mistake again as yesterday.
2nd trade - almost
stopped out, but I got out at b/e.
3rd trade - I scratched. Maybe it's getting better.
4th and 5th trades - full stops. Uh oh...
I was down about -8.00 ES points. Ouch! Oh no, not again.
Deep breath. Here we go again. Let's do it.
ascending triangle was forming, and the infamous (at least to me)
1391.00 came up as a buying opportunity, again. I have mis-traded this
1391.00 level for the past couple days with quite the negative outcome.
7th trade - So I tried it again, went long at 1391.00, and went back to my phone
conversation. I eventually exited at 1396.75, one tick below the first
1397.00 high of the day.
I'm up a few ticks gross -- net breakeven.
Time for a late lunch. I'm done. Game over. My
mind is not in sync, it's time to walk away. Not going to let Gambler
Grove come in this time to go for the big kill, or get killed.
My read on the market was better today than yesterday, but my
execution and patience was
not. I was on a phone call for most of the morning dealing
with some family matters, and took
many of these trades while multi-tasking.
Probably very ill advised to
this, but then again, maybe it gave my subconscious time to quickly
analyze the charts without the monkey getting in the way.
Back to SIM?
I'm starting to think of going back to SIM trading for a while. The fact
that I even thought of that, should be taken as a warning sign. And the
inability to calculate my execution score and opportunity costs, my
most important metrics, is an even bigger concern.
I need to remember Rule #1, protect your capital. I'll be back with a much better focus tomorrow!