Global Macro Trading Journal

This is the type of setup that makes a lot of sense to go for a home run but its hard for me to go huge here. The back and forth of the HFTs, the dovish statement, those things make you doubt your position when the market pops and want to cut back some. Then when it tanks you want to add more. As a result you get grinded, this is my biggest weakness as a trader. If I didn't had it I would be short HUGE here. Look at the daily chart, it just screams sell. Plus there is a catalyst, namely, the inability to rally on good news. Unfortunatelly I know that if I short huge here I will be covering into the rallies so I rather play smaller
 
It makes sense to be short huge because the risk is so contained. Namely, that 10-15s to the 2000 breakout, the reward compared to that is so large
 
I have to stay, I watched the market the entire day and it was great. I hadn't had that much fun trading in a long-time. I find day trading stocks (which is the vast majority of my trading), extremely boring. specially in days where I can't leave the computer because a big move could happen at any point. But with these macro stuff, I don't find it boring at all. Thing is, its hard to give up on the daytrading because its profitable. what I made today macro trading is what I would make in 3-4 days daytrading. so its hard to give up on daytrading. I just wished I had $10M or more sitting on the bank so I could do this exclusively
 
Damn, 3 buck gap down on SPY. Peter Brandt is also calling this market a short. I think I will add small on a rally today and try to ride this thing all the way down to a significant october flush
 
So I added a bit into a pop pre-market. now its just a matter of completly removing this position from my field of vision and being patient as hell. Not let my day trading side want to something with it. Either I cover at 2005-2010 SPX if wrong or into a significant flush if i'm correct. I might take partial profits if things get out of hand short-term but the idea is to let this play out as the correction that is due for years works its way out
 
Daal said:
This is the type of setup that makes a lot of sense to go for a home run but its hard for me to go huge here. The back and forth of the HFTs, the dovish statement, those things make you doubt your position when the market pops and want to cut back some. Then when it tanks you want to add more. As a result you get grinded, this is my biggest weakness as a trader. If I didn't had it I would be short HUGE here. Look at the daily chart, it just screams sell. Plus there is a catalyst, namely, the inability to rally on good news. Unfortunatelly I know that if I short huge here I will be covering into the rallies so I rather play smaller
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There are only two position sizes, too much and not enough. This was the latter. So far I have been right, lets see if that continues
 
I covered 1/5 of the short in this pre-market weakness. Its the chase short the day after the Fed no hike day. Just to keep myself sane and make it easier to hold through the ups and downs. Still short most
 
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