I had a very bad day today. 1 winner and 10 losers.
I tried staying patient this morning. I was waiting for any sort of setup. I then saw the SP drift lower after the open and I thought oil would follow. I sold it and lost.
SP then moved higher, and I thought I saw a triple top, so I bought a high in oil and took a quick loser. I tried it 3 x, took losers on all of them. And I also tried selling a low when it did not work buying it. Ugh
Finally, I caught a winner in the euro, while I watched oil rip higher. Oil then sold off, what appeared to me as very aggressively, so I sold a low. It went about 7 ticks my way and then ripped to a new high, so I got out, reversed and watched it move right back to where I sold it. I lost so much in about 30 seconds.
Today was just terrible for me. Maybe because it was quadruple witching in the SP, and maybe because oil rolled while HO and RB did not. I do not know.
What I do know is I lacked a lot of patience and I had no real set ups. I need to be able to sit here and do nothing.
I bought hi's and sold lows. I reversed and took 3 losers that were way too big. It was obvious what I was doing wrong, especially on a terrible day like today.
I need to review this weekend and see what I have been doing well, and focus on that. Its a frustrating way to end the week, but life goes on.
Just found your blog, and found it quite funny! But not sure that it's meant to be! Oh the pain we share...everything you say could have come out of my own mouth. You may even have inspired me to write my own blog, not sure yet, but in the meantime I will read yours, in the hope that it reminds me of my own shortcomings, and helps me to iron out my own imperfections. Good luck for the future, and stay disciplined!
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