I took three trades today... the three I outlined in earlier posts. All three stop losses, but not one was ever in the money. These were dead stinkin' losers. Losers on a day that had tremendous opportunity if one could get onboard the trend. Once again, I was insisting the market reverse direction and the market said no. I need to reexamine my mental biases against trend trading. My first impulse this morning was to go with the trend, but I simply marked the chart with the orange line instead of clicking the mouse. I am not clear as to why... I'll be giving a lot of thought to why I look for mean reversion/reversals when I am under pressure/anxiety. It is a peculiar bias. If I had taken that first trade long instead of just marking the chart, I would have been in for a big ride on a winner because my rules of exit would have kept me in for the entire day; no stop-out and a +$2.00 gain. Anyway, it was not to be.
There's always tomorrow.
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