Total gross profits: $175.00 +3.50 ES points
Total trades: 5 [1 scratch]
Execution score: 40%
Opportunity cost: $+37.50 +0.75 ES point
the day with some trades that missed getting filled by a tick or two, which of course
turned out profitable. And that got under my skin. I had to regroup and
throughout the day, I continued to have some execution issues.
It was a case of eye-hand "discoordination"
I could see pretty clearly what the markets were going to be do, so I was generally in tune with the markets. However, I couldn't make my hand click what I saw, and then put it into appropriate action in the form of a trade. Not sure why, but it'll be something I need
to continue working on.
And then there were the conflicting signals
I actually did well today when faced with a conflicting signal by standing
aside. However, the problem with a conflicting signal is that
regardless of the outcome, one of your signals will be correct. And
it's so easy to assume that gosh darn it, you know you would have picked
the trade that would have worked, right?!? So then comes the feelings
of missing out of a good trade.
Perhaps there are too many conflicting voices in my mind?
So maybe I need to fire everyone in my mind and start with a new
streamlined staff for more direct communications from mind to hand. Or in more realistic terms, start to focus on a limited number
of setups, continue hitting singles, and then start expanding. But on
the other hand, my mind seems to crave trying to make a simple
buy/sell/wait decision from complexity.
On the bright side, it was nice to feel as though I was generally in
the "zone" and that even with some mishaps, I ended the day positive.
I can only hope that all my "discoordinated" days end profitable!