All in all though I traded the signals correctly, and I waited patiently for them to occur. Not much more that I can do other than that. Some of the exits weren't ideal but at the speed price was whipping around at some of these levels i'm happy to get away with what I did. Furthermore, this kind of day is what I consider outlier price action - pretty big and sustained trends and strong momentum moves EVERYWHERE. That doesn't jive well with my method and thus, there wasn't much for me to do today. The point is that I didn't get killed on a day that offered little opportunity for me, I walked away basically unharmed and with 99% of my capital intact which allows me to play in the sandbox again when conditions may be more favorable.
One other thing of note is that i've been trading the 1min/3min/5min EURUSD charts in the P.M. with big size (70+ lots) in sim. I think this is good practice for two reasons. 1. Its more experience, more entries, more management, more exits, just MORE. 2. Huge size f**ks with your mind, screws with your head, and messes with your management. It really takes discipline to hold for solid exits and manage correctly when the P/L may be at +3500.00 and you want to bail... but your exit isn't fully realized until your at +6500.00. Its hard to hold, and that means its good practice!!!
And its not bad to walk away +30k after an hour and a half of scalping! :)
Trade Results:
ES: -12.50
NQ: +0.00
4 comments:
Guru Street Cred! Can you imagine the P&L if I held my small Long position from 788.75 ;)
I know pansy! Thats what i'm talking about man... you gotta be able to hold those 700 lot orders through thick and thin!!!
Called 798 with a close above 800 like it was my bitch! :D
I didn't see much either today, those big up/down days kill the next day or two after wards.
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