Great trading day today! But it wasn’t great because I made a killing today. No sadly I only profited 1.25 point between 8:30 central time to 10 am; but I learned that the market will do everything it can to scare you out. And sadly today I was scared out of a 2 point profit.
How much does that suck? Even if you learn to execute 100% perfect trades all the time you can still be beaten by these damned emotions.
I need to follow the MAP trading management system and either let it kick me out of the trade after 5 tics or wait for my profit target to be hit… WHICH IT REACHED AT THE OUT BAND!
Grrrrrr! Oh well, I was profitable and proud of my day. Plus I made over $50 an hour this morning Which I guess is a lot better than most other traders can say.
- John F