Trading the ER I had 11 trades today. I'm showing my big winner.
That's a 5 minute chart on the left and two minute chart on the right. I like to trade to targets, or atleast a suspected target. Through the day I was up and down till this last trade which went for 1.0 Put me up 127.20 for the day on 1 contract. I was done.
Now of course as always right after I get out, the market tumbles down today for another 7.0 from my entry. What can I do about this? Absolutley nothing. I'm trading one contract, my nerves are a wreck, and I'm happy. lol For those of you trading the ER you know why it tumbled. BIG GAP from Friday. I love those Gaps, they always fill. Not always the next day or the next, but it's just like a guide, a road map, and I like that.
I took no more than a .5 against me today before getting out. On all my trades had I stayed I'd of broke even or made some change. For me, I know it's better if I just dump it. Their is always another trade. I seem to have a very low tolerance for losing money now. I'm not half as good or a quarter as most of you guys, but I hope to get their.
Green arrows on chart show entry on this trade and exit. White arrow shows where I entered on the candle. Reason for entering, it started to move in my direction. In this down trend here I sold 3 different times, and took two loses and a small profit. I hope to get better about staying and trusting myself.
Trusten
3yrs 2 days experience.