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

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Tuesday, February 7, 2017

+2.23RR

I overslept this morning. Seems like a trend is developing on that front. The last few weeks my sleeping patterns have been slowing changing and I think its due to me not being sleepy any longer at my normal 9PM bed time. It's very strange, for the last 3-4 years, if I'm not in bed at 9, I've gotten physically nauseous and virtually useless. Now I almost feel like a teenager again with more energy at 9PM than I do at 3PM. Its a bit disconcerting. But this week I am working on being in bed at 9 and just try to regain that rhythm I seem to have lost.

So in oversleeping, I missed the first short opportunity but I got another shot at it a bit later on. I sold 52.65 and added to it at 52.57 a couple of bars later.

Covered the whole thing at 2RR on the first position for a total RR of 2.23. This effectively doubled my daily goal today which I like very much.

I thought after looking at the daily this morning price might make it to 52.21 as I think there are buyers at that level. Currently price is in that area and it does look like some buyers have come in but to early to tell if it will be the turning point or not.

Overall, a good morning with good patience and good execution. I'd say a very successful day!

Time to hit the books.

Cheers.

5 comments:

  1. Like a machine!

    Shenan

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    Replies
    1. Only if you do the same thing over and over again. Otherwise its a broken machine!!! The proof will be the long term...does it work over many many months? If so, then it's a machine. If not, then we try something different.

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    2. True, I apologize. I should have said something along the lines of “intelligent dynamic machine”. My ability to adapt to a changing environment, in trading and in life, is ONE of the things which allows me to have emotional consistency in my life. Hence the “like a machine” comment, which I ended up projecting onto you with my comment, and what I am now apologizing for.

      Did not mean to misstate / mislead, only intended to say congrats.

      Take care.

      Shenan

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    3. lol, no apology necessary and no offense taken! I was simply trying to avoid taking to much credit for the recent success and indicate success is a long term proposition. I suppose anyone can have limited success in the near term. Its the long term that is important.

      I have a tendency to become overly confident and arrogant when I am winning so I'm trying to just stay humble and realize success only comes to the degree I submit to the process. Any attempt to stray outside the boundaries of the process is a recipe for failure.

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  2. I love the comments here regarding long-term vs short-term success. It reminds me of a quote from the movie 'Fight Club'- "On a long enough timeline, the survival rate for everyone drops to zero".

    We've been trained to think of success and failure having these cut-off points...days, weeks, months. A certain milestone. But it's like the Russian Matryoshka doll...there's always another layer. IMO it just depends on which measuring stick we are using.

    Some would say the only trade that matters is the one called life. Did we experience more pleasure than pain. But I digress!

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