Sep 262012

Yesterday I didn’t take any trades.  I’m happy with myself for being able to watch the market for 90 minutes and not force any trades.  That’s good progress.

Today I got a short setup and I took it.  Just after I entered something spooked the market and it shot up very quickly.  I had a 6 tick mental stop and a 8 tick hard stop.. the mental stop was triggered and it came 1 tick from my hard stop.  So I got out with a 3 tick loss.  Everything was by my rules so I’m very content to have followed my rules and taken a small loss, even though the market did hit my 2 pt target after I got out.  I did the right thing.


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