...And They Have a Plan. (Live.)

Had an order for 2 MNQ March contracts at 16050, and as it came in to it I backed out and lowered it to 25. I admit I'll probably chicken out for a long term hold if it does get filled, and yet I see it as a fairly comfortable hold point for a couple months.
Psychology sucks!
 
tango29 said:
Had an order for 2 MNQ March contracts at 16050, and as it came in to it I backed out and lowered it to 25. I admit I'll probably chicken out for a long term hold if it does get filled, and yet I see it as a fairly comfortable hold point for a couple months.
Psychology sucks!
More...

That's a great entry, you got in nearish the daily low. Hold onto that sucker, like I'm holding onto mine.

My story is...Ahh, a bit different.

Continuing from trade #13 above...

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Trades #16 and 17 are a bit off, thank you NT7 journal engine. POS. Will deal with that when the open trades close out...

The week was going along fine, looked like I was going to be able to close out my longs today that I entered midweek as the market started trending up, and then we get Omicron. Oh nos! The world is ending, AGAIN!

Current open positions...
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And they just HAD to release that news on a very illiquid half-day. Bad timing. Oh well, another few weeks of tremendous opportunity cost on the books. It would be very lucky if Wall Street gets it's act together next week what with 3 days of Powell speak, Yellen is speaking, and NFP on Friday.

Next week will be a great time to earn money all you day-traders! Will be great trading ranges! Go get'em! Me, I'm stuck, AGAIN.
 
I almost dropped it again as the market was coming down fast, but left it. On the other hand I chickened out of the hold. The thought of a panic Monday over a virus unknown, so I took a profit after the bounce off the low.
I'll either miss out on a huge return, or be able to get in much lower.
I'll quit polluting your thread now.
 
tango29 said:
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I'll either miss out on a huge return, or be able to get in much lower.
I'll quit polluting your thread now.
More...

It's not pollution if it just deals with the subject matter at hand at the time of the post. All commentary is welcome. As for possibly missing out on Monday? Don't sweat it, you followed your plan (gut/whatever ideas) and made money. In the end, green is good.
 
Posting this mid-week update for @zghorner ...

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THIS is what following a plan looks like. Painful as hell, but it is following the plan, and the discipline to not waver. By hook or by crook. Now you know why I have gone insane? AHAHHAHA!
 
You have to feel the gloom before you see the sun. Positions have gotten a bit worse, but I must stick to the plan.


I've been through this storm before, and the sun always comes out at the end.
 
SoyUnPerdedor said:
This is like a train wreak, but way worse than most haha.
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(Wreck, not wreak). Stick around, you ain't seen nothing yet.

No trades, because Powell made the markets feel wholly uncomfortable on top of all the Omicron shit. This is proof there is no such thing as the PPT. Unless like Q4 2018, Powell hits the brakes on the "hike-a-rama" ideas. Too bad he doesn't have Trump Tweet support now, like he did back then. JOBS JOBS JOBS!

Current position update...

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The silly thing is, the MNQ trade was in profit by about 300 bux on Wednesday morning. (Man, Wed was a humdinger). Today didn't phase me at all, since it went down sharply and stayed down for the day, unlike Wednesday when it grinded up into profit, and then just slowly melted down like molten metal pouring down a chute.
 
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