Started off on the wrong foot. Again, I jumped into a setup without thinking things through first. Paid for it by being stopped out for a total loss of 3.50 pt on the trade. Dug myself a hole early on. But, I still could have had a great day, had I not missed two awesome trade setups. It was quite unfortunate, as prices moved very rapidly and steadily in those.
Anyway, I had previously reminded myself to not take any setups in the first 30 minutes or so. Reason is because it's kind of difficult to gauge the direction of the market (trend or range day) that early on in the trading day. Another example of me breaking my rules again!
++1_21_2014.jpg "ES chart 1/21/14") |
| ES chart 1/21/14 |
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