Thursday, March 12, 2009

Good Day->Euphoria->Impatience





Nothing much to say apart from it was a forced trade with a rough entry- Good resistance on the larger timeframe but the intraday wasn't good at all...dropped 2.5 NQ Points.

So I'm going to shutdown, go to the gym and try to centre myself for my next trading session.

UPDATE- Didn't follow through. Came back too soon and anxiously entered a trade in the YM too early- 25 tick loss...the frustration!

4 comments:

Jules said...

happens to me when I'm looking for a trade. Now I make an effort to just trade a few setups that I'm familiar with. If I don't see them, I don't trade. Sometimes the market frustrates the hell out of traders - the ones that simply won't go anywhere. Usually, that means that a trend is brewing. So, yes, going to the gym or doing anything else to keep the mind occupied until the trend develops is a good way to avoid trading the lousy chops. :-)

James Edwards-Marche said...

"Sometimes the market frustrates the hell out of traders - the ones that simply won't go anywhere."

...Is that the market or the trader that won't go anywhere?? ;) 'Cause, if it weren't for the weekend...

It's reached the point where I'm beginning to recognise the imprint of my bum on the office chair! LOL!

Jules said...

:-) The market, MM. But you should really get off your chair and go somewhere. :-)

James Edwards-Marche said...

You're right...in all seriousness it is something I need to keep tabs on :)

I just love my charts a little TOO much I guess!