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BOT 1475.5 OPEN 10:03:15

I'm glad I got out of this one when I did. From my exit point, the market ended up going down even further to settle at 1488.5. It's interesting to note that the NDX closed right at last Friday's level. I thought that I would have a better idea of what to expect tomorrow, but really I have no...

I trade the NQ almost exclusively. My trading is discretionary based off of tape reading. Really the only difference between this and the first journal is that this one is posted in realtime. The trades are about the same. However, I am under more pressure lately, and that has negatively...

1. I stepped away from the computer for a few moments. While I was gone, it managed to go as low as 1506. When I came back it was at 7.5X8. I thought about closing half the position at 1507.5, but I thought I could do better. When it came back up to 1510, I pretty much knew that I had...

SLD 1494 CLOSE 14:42:35 I can't believe how much time I wasted waiting for the market to bottom. Oh well. I had a bullish bias coming into today that I couldn't seem to shake, so at least I didn't do anything foolish trying to go long.

BOT 1492 OPEN 14:31:03

SLD 1504.5 OPEN BOT 1503.5 CLOSE

Scratch that idea. Maybe the reason I'm having such a tough time is because I want the market to go to 1520 even though it doesn't want to. I might try to look for a long entry around 1500.

I wouldn't be surprised to see it come back to 1520 sometime this afternoon. However, I am afraid to commit to anything today. I think that is because I don't see a clear direction.

SLD 1511 OPEN BOT 1510 CLOSE I'm starting to get pretty frustrated. I think it would be wise for me to take a break right now.

BOT 1514 CLOSE 12:03:05 I don't have the patience for this.

SLD 1514.5 OPEN 11:52:50

The market action looks firm, but at the same time I have the feeling that prices could steadily erode. That's why I'm afraid to go long at this time.

It looks like the Philly Fed might bring a new low for the day, but I'm wary about going short today. At this point I think anything could happen. Hopefully I will get a clear signal soon.

SLD 1516 CLOSE I really don't know what to say. I was looking for 1517.5 just to prove the naysayers wrong, but then I realized that I didn't want to encourage that type of attitude. I would like to ask that people refrain from making disrespectful comments in my journal. Some of the...

BOT 1509.5 OPEN 14:35:05

I think the market might actually come back and make new highs for the day.

The market just hit my original profit target for Trade 1. I am absolutely furious.

BOT 1511.5 CLOSE 12:43:03 I decided that if I was right about Trade 1 that I would be able to reenter later on, but that if I was wrong that this was probably the best exit I could hope for.

Well I guess I can longer call it a good entry. The only thing that worries me about this trade is the fact that I'm not worried. That is a dangerous position to be in.