Thurs & Fri, June 24 & 25, 2010
There are days that you place the wrong bet, and there are days that you are simply stupid and stubborn.
Thursday was plain stupidity on my part (I blame it partially on lack of sleep, and wholly on D - when he is sweet, I can't think) - the day was clearly trapped within Wed's range ie. chop expected, the kind of day that you just can't win - unless you're ok with taking whatever profit the market gives you.
Friday was a mini disaster. A stop was in order, especially when I was trading against trend, and betting on a failed bull wedge, especially after the appearance of 2 dojis (almost) that are kissing a pivot level. R 1.5 was the level under attack, and clearly a good place to have a HARD stop. I don't recall what my state of mind was then, but that's really not important now - an FOMC week, and the week that I have the least sleep is the week that I should have stayed on the sideline. Clearly, I need to start practising (all over again) letting some days go.
Work is good.
Explains why trading is not....
I'm at a crossroad again.
One of my favorites, and Gremlins' favorite (official TV version here):