I am being ultra-cautious at the moment, not sure I am feeling the market vibes correctly, so this is the time to stick to first principles and buy and sell at very very good areas. But when you're not feeling in the flow, it is also the time to take what the market gives you and get out for the rest of the day. For me anyways.
My PnL is grinding higher and I am happy about that. My daily target is $200 (currently) and I am unfortunately undershooting most days, but fortunately, once in a while making more. So for me consistency and repetition is the goal. The $200 is more of a marker of how well I am doing mentally. Today, I had a couple of very small losers, and then the perfect setup came up so I hit it with 2 ES, which is like x20 more risk than what I was doing yesterday but I felt confident in the entry.
I had my eye on a target but because the price didn't arrive there in the manner I wanted, I cut the trade as we were nearing the daily goal. If my entries are great, my initial profit target is usually great too, so I need to hold on for just a bit longer.
My PnL is grinding higher and I am happy about that. My daily target is $200 (currently) and I am unfortunately undershooting most days, but fortunately, once in a while making more. So for me consistency and repetition is the goal. The $200 is more of a marker of how well I am doing mentally. Today, I had a couple of very small losers, and then the perfect setup came up so I hit it with 2 ES, which is like x20 more risk than what I was doing yesterday but I felt confident in the entry.
I had my eye on a target but because the price didn't arrive there in the manner I wanted, I cut the trade as we were nearing the daily goal. If my entries are great, my initial profit target is usually great too, so I need to hold on for just a bit longer.
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