Prep was good today. As you could see this morning, I had a long bias and thought the market would break 924. I took a long right after the open that eventually got stopped out.
The powerful thing about the morning prep is that I have a premise and a course of action that is already clear and defined when my #1 premise fails. This is part of being a good speculator.
I am not waiting for lagging indicators to help me decide how to react. The preparation has been done via foward looking projections thus there is no internal debate or hesitation about what to do.
I took a late pullback short at around 11:15 EST USA and exited with a few ticks profit after having a 3.5 point excursion then reversed long which brought me back into the green for the day.
I do not often reverse nor take a few ticks profit but I had a powerful long entry timing mechanism I use at one of my key zones.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.