iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,789 Blog Posts

Morning Future Trading Report: Losing Day/Winning Battle

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!”

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