We didn't get much of a reaction on the NFP numbers. ES floated higher before the open then sold down to support and bounced from there. I was in a great trade just before lunch time and i ended up scratching it to go to lunch with an old friend. I didn't make anything on it but i consider it a good trade being that both of my targets were hit , it just took a while. Then at the end of the day i messed around and took 2 long trades as i was expecting support to hold which it didn't. The problem with them trades was that the market was selling off a little bit and i shouldn't have bothered with long at that particular location. then i got long again breaking my rule that after 2 stop out then done for the day. After I realized that the lows was a false break i bought 1326.00 and held for 3 points then when it retraced I bailed for 1 point lol. If i can't laugh at myself then WTF...
Any way i clearly have some mental issue that i need to work on with trading or i will never become a consistent trader.
1. The first bad trade i took i was like F it and took it so i guess that would be counted as an impulse trade which is a rule that i broke. So that's the reason for the loss. I guess what i was feeling was fear of missing something which is what caused the reaction to take the impulse trade.
2. On the second time i took the long trade i guess i was still feeling like i need to get into this before i miss it again. Instead what i should have done was nothing or waited for a better price. I should have planned it out a little better and i would have gotten a 2 or 3 point trade.
3. For the 3 rd trade i got in perfectly but i was looking for it to shoot to the moon. If i had stuck with my original plan i would have gotten my targets and been on my way. Instead i was greedy and ended up only taking 1 point when i was 3 point up. Otherwise i would have had my targets which was 2 points.
So i think i need to start another journal and i will use it specifically for my physiological thoughts.
I forgot to take screen shots before closing my charts down...
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