News for Today:

Notes:

• Had some good ideas during NY session, but I got stopped out on every setup, price hit my stop loss, and then continued in my direction. Very frustrating.
• Eventually I let the emotions get to me, and it forced me into going on tilt, I lost control and hit my DLL.
• What I wanna focus on today is not the trades themselves, but rather the emotions that I felt during the day. I went into today with the idea in my mind that today is likely going to be a low probability day, and basically it was. Price was insanely volatile, hard to trade minis, and it was wicking a lot, not a lot of opportunities on 1m, every possible setup was using 5m pda and 15s CISD, so you can imagine how difficult this was to read, kind of nerve racking. With these conditions in mind, I should’ve sat on my hands, actually I had a chance to, I was down -200 at one point, I should’ve locked myself out, at least until 2pm. But then impatience kicked in and I was forcing entries at 2pm setup even when my entry was invalidated, literally couple minutes later, not more than 5, the setup was clear, and my entry could’ve been much better.
• So, what have I learned today? I need to pay more attention to volatility of price, then need to make a logical and professional decisions about what size I’m gonna be trading, minis or micros, today was a MUST for micros, price was way too volatile.
• Also I learned that I should much more often listen to my gut, this morning especially after seeing 9-10am price action, I could tell this price was gonna be difficult to trade with my system, there were no clear PDAS for us to respect or go to, a lot of uncertainty.
• Whenever I feel some frustration, I seriously need to lock myself out, 200-300 loss is not terrible, just part of the game. This is usually what I risk per trade. I was fine after my first losses, but then when trading 2pm, that’s when I almost got angry, I was so close to passing the funded account I felt like I could easily do it today, so of course forced myself into it even though the setup itself was not that clear.
• PATIENCE, TIME, SYSTEM. That’s all I need here to be successful. And yeah patience sucks, I wish i could just call it a day as early as possible and get away from the charts but this is part of the game, I have to know when to sit on my hands, I have to let potential setups go without me in them. It is part of the game. Even if you didn’t enter a trade and it still ran in your direction, you still won because you were correct in the end, you are still learning.