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4/20/17

A Better Trading Day: Update 1

Today I was committed to adhering to my rules and trading what the market was willing to give, without risking too much of my profit. As I type this, the market is rising past my previous exit, but that is ok. I'd rather take pride in trading well for a profit on a consistent basis than trying to squeeze every drop of juice out of the market. We all know how over trading can turn a profit into a huge loss.

Better trading ahead!

Lot Size: 2
Wins: 1
Losses: 0
Win%: 100
YM: $252
Total: $252




Update: 


A huge up day, it would be easy to say that I left a lot of points on the table. As a professional trader, the emotion of regret is a what causes over trading, giving back losses, in exchange for a massive loss. Unfortunate for the traders who bought the YM at a high and were stuck in their position hoping for it to reach a new high, I easily could have been stuck in a trade/loss if I would have jumped back into the market.


Better trading ahead!


YM






YM update: An exercise in sitting on my hands.






3 comments:

  1. Today's bonkers bullishness is an exercise in fighting temptation. The desire to want to jump into the market to participate in today's run up is exactly the kind of trading I want to avoid doing. I will post a chart at the end of the day to illustrate how far this market has gone with me on the sidelines.

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  2. great trade! it was cool that the market took a direction but you're right, if there's no window, the desire to just participate is something to avoid.

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  3. Thanks for the comment F-bomb. I will take Friday off, will be back in the office Monday. Hope your trading is going well.

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"Better Trading Ahead!"