Today Was A Good Trading Day
Avoid The Chop |
Starts In The MindI really had better than a good day, and I didn’t make any trades. I have been that guy so many times before where I would find myself in a trade I wish I could take back. Because I pride myself on not being a quitter, just one bad trade is never enough (sarcasm). Today I woke up with a confidence I have not had a for a while; I’m trusting in my consistent technical analysis and mental approach to my trading. My routine mentioned in another post includes a little journal writing before getting started with my day, I review my method, prepare my charts… and squeeze a bit of office fitness into the day. I admit the office fitness has been lacking, need to get back at it.
Nothing To TradeIt was a sideways day for the majority of my watchlists, it was clear to me early that making a trade was not going to be in the cards for me. Price traded in a tight range, the same kind of range I have found myself trying to justify for so many years. I claim to be a trend trader, if you look hard enough, you can find a trend in anything. For my method and trading time frame, I have to safeguard against congested market conditions.
Instrument: Avoided the $#@! chop.
Total # of trades: 0
Percent Profitable: 0%
Avg. Winning Trade: $0
Avg. Losing Trade: $0
# of winning trades: 0
# of losing trades: 0
# of even trades: 0
P&L Total: $0
YM 5/22/17 Congested price range. |
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“When you are discontent, you always want more, more, more. Your desire can never be satisfied. But when you practice contentment, you can say to yourself, ‘Oh yes – I already have everything that I really need.
Source: http://www.trincafe.com/2017/05/today-was-good-trading-day.html
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