DOW Futures

+10% on one, all shorts got the whole move. 2nd phase on friday.
-4% on the other not did well NY reversal, short biased not minding moving averages turned up.
I will take it easy on this tmrw.

Started well, took shorts at LO spike above resistance added more covered all at Asian low p/l was 3%+.

Only to lose it all plus more At NYO.
Impulses, no set up trades ended net -5%.

Replaying the day on Sierra shows only 4 trades as per plan. Except the last trade everything according to the plan.

Me or Strategy or the Market. What caused the result
Its Me today. .

Again repeated errors, I cannot trade with indicators.
Conflicting thought process messed up what suppoesed to be an easy trading day.
Next week going back to discretion..pa trading.
NY session only
1%DLL
0.25% risk per trade.
Said this million times earlier.

+9% on one, another burnt.
Suddenly increased risk to come outa dd while having 60 days to revover.
Either -5%or +10% in a day.. Seems I can't stop in between. Just keep clicking all day.

Some introspective diving needed to move forward..
What is consistancy in trading means?
What is overtrading?
What am I trying to achieve?

Sitting on my hands, decided not to trade LO(missed the short entry arrrrghhhhhh... joy of missing out. ).

FOMO

Still holding the last long rallying towards YH.

[quote=Rmg;14308098]{quote} Still holding the last long rallying towards YH.[/quote
Closed. 2 trades only 1.5% for the day.
Came up with 3sets of rules.
Universal rules( mostly common sense but me)
Strategy rules (nearly complete )
Risk rules.( No.1 focusl on DRC).
Its all about process vs p/l based actions.
So far p/l won. My days will come.

Another massive green day.
Flat until tmrw.
No More news gambling.

bulldozed huh

1 hr chart printed inverted hammer at the resistance after FOMC rally.
"BUY THE STRENGTH AFTER THE DIP.
SELL YHE WEAKNESS AFTER THE RIP"
-BRIAN SHANNON

Trading LO again but a mechanical MA crossover, 1 clean swing either 30 or 100 pips take it and GTFO.
I don't trust chart patterns around LO anymore.
Green arrow/red arrow works better then my gut feelings.

Coverd shorts fot 80 points.
Not playing with fire at 1:30.

Slowely grinding upwards bulls defendthe lows.
Bought some at the low scaled few reloaded long again.

Stopped out.

Didn't end well this week.
Yesterday 2 account breached the hard stops.
6 accounts this week alone and 15 since December.

Its not the strategy issue but risk management.
1 poor habit of overleveraging in multiples after few winning trades is keep in this vicious cycle of losing.

Had rules in place for risk per trade/session.
Couldn't follow it.
Stop everything for 3 months... Stop the bleeding first.
Hardest thing to do is not trading.
Thats what exactly I need to do now.
Bitter medicine for gambling mindset.
I Will come back with the better version of myself.
.

Persistant upswing since open, BO off the trading range most likely today.