First, I missed the yesterday’s big move: ES 40+ pts. After I read the chart and LC commentary, I knew I was actually saved. I would have shorted yesterday’s market wrongly multiple times and had the potential to lose $1000. Thanks to the day job that pulled me away from the market!
Today, +96 (3, 2, 1-tick) play, then –$200 (lost 1, 2, 3-pts in a row in a choppy and churning environment), then I calmed down and patiently reduced loss to only –$11, finally I took a bold position (HL 2hr setup with a high probability outcome) and went to washroom for 10 minutes. When I came back, I captured a 6-pt move, +$306. 11 rounds on ES. 4 rounds on SPXU.
I decided to stop here and buy Chinese violinist domains that I wanted.
Lesson: 1) Calm after loss in a row; 2) Cut loss short and quick. Always has new opportunity later; 3) Trade small and “profit and pause” in a choppy and churning environment (knew it through the quiet overnight move) ; 4) Patient waiting for higher RRR; 5) HL 2hr setup.
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