Keep Calm and Don't Move Your Stops.....

A little risk management saves a lot of fan cleaning!

Tuesday, March 28, 2017

Scratch Day

Seriously?????

I had GREAT executions today in terms of trade locations....those green boxes, all entry areas. I even bought .10 when it spiked down only to be shaken out on the slow price action.....I kept trying multiple times in these areas....some scratched, some small losers and some small winners....No follow through....

And then, I bought one last time in the last green box. I held it for what seemed like way to long considering it sure looked like it should take off right away....and finally I decided it wasn't going to and bailed for a tiny winner....only to see it blast off on the NEXT bar. To say I was pissed was an understatement. This doesn't happen to me near as much as it used to but it still happens enough that I should have figured out something by now, as long as the trade premise is valid, just hold it.....but sitting there watching it fart around drove me nuts today....lots of five minute bars with less than 10 tick ranges....it can be infuriating.

Once it blasted off, I knew better than to sit there and try to find another trade. I'd trade out of anger and boredom and that is an account killer. So I just walked away.



On another note, I'm probably only about 2-3 more days from abandoning my NT8 experiment. I like it overall but small fonts and lack of a couple of tools I use is renders it less than optimal. I'm giving it to Friday and then probably back to NT7 for next week.

Monday, March 27, 2017

+4RR

I am trying out NT8 today. Some tools I like in NT7 I can't get in NT8 yet, plus I don't like the color scheme much and neither do I like the TINY font Ninja uses for EVERYTHING in this version....but I do like the tab feature which I'm not using yet and I like how NT8 seems to be a lighter footprint on my CPU....However, the overall feature set doesn't really seem to be enough to demand making the shift over yet. Configuring NT8 is a pain at least at the moment both due to the steps as well as the small font size. It did perform perfectly today though. Gonna give it another shot tomorrow and see.

One and done today. I left a bit of money on the table but as before, I didn't really have a trade premise below the LOD.


Saturday, March 25, 2017

Scratch day

Can you figure out the mistake? 



Thursday, March 23, 2017

+3RR

Support becomes resistance. Classic TA. Most of the time it works. Sometimes it doesn't like yesterday.

Today, it was super simple. Small risk, large target. Stay sane and solvent that way.