Very solid market this morning for the $ES_F. This is the type of action that comes after a huge consolidation like we saw over the last 4 or 5 sessions.
I took a long off the open that earned 1.5 points on two contracts.
Then I tried fading this mega move, taking 3 handles of heat on two contracts aka I gave it all back and more.
I’m not beating myself up over these losses, although I may go back to the drawing board to build in a caveat for fading moves after a long consolidation.
You can have a losing day according to your plan. It’s the deviations that cause confusion, loss of confidence, and consistent losers.
The market is speaking clearly today. It says, “Don’t fade me brah!”If you enjoy the content at iBankCoin, please follow us on Twitter