May 212012

Today was a rollercoaster day.  In Globex I was on the wrong side almost every trade.  However the losses were small, which allowed two big wins in RTH to put me positive and I met my goal.  Here are the RTH trades:

By the time the first sell signal came, one should have recognized that this had trend day potential.  If so, there was only one long signal to take and it gave over 8 pts.  Granted it would have been hard to stay in for 8, but that’s still pretty good for the only long signal.

I realized today, mostly in Globex, that I’m overtrading.  Just wait for the signals and verify the context and price action all line up.  Simple but definitely not easy.



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