So the market traded as expected by balancing in a range for the session. At the open we grinded higher into the resistance zone at 1342-1344 where i took a short for 3 points. The situation hasn't changed this week we continue to grind higher and higher on low volume making it a very difficult area to trade. Caution really needs to be taken here and a lot of discipline will keep you out of harm's way. Kev always told me cash is a position and you have to know when NOT to trade. And that is the most difficult part of trading. I had a bad week this week and dug myself into a unnecessary hole if i would have just not traded when i was having them issue with work this week i would have been fine. I did some stupid things and i paid for it. I didn't have to trade especially with me knowing there was nothing to trade with ES being so dead. So next week hopefully ES will be tradable and i will be able to get back what i lost and end the month up. I learned an important lesson this week. In trading you have to except that you will not always be up and when your down you can't let it get to you, once you do it begins to deteriorate your confidence and it seems like you will never be ok again and the end of the world is right around the corner. But this is when you have to dig in and really fall back on your discipline and stick to MM rules. If i was to take one more loser i would have gone on SIM this week till i was able to be confident again. I will see how i do next week and i will be careful and only trade when im not upset about work issues and when the market has something to do. All in all im still pretty new at the game and i know i have a lot to learn. So the journey continues...
1St trade: See trades chart.
