The prep overlay is interesting today. We called the AM extension attempt then had a blend of scenario #1 and #2.
Missed premising the support in the median of the range in advance but it was clear after the AM higher low.
I needed confirmation there to trade it but did not get it. This has been the mantra for the past few weeks. Missing trades that work with no confirmation and executing the losers with no confirmation. This happens in trading.
I am going to stick with my plan. Surprisingly, as my grind in equity extends I am getting more confident in my trading method.
Even in the midst of a difficult few weeks, I executed a failed extension micro pullback trade today flawlessly. Then I let it run 4.5 points and come back to stop me out break even. I did not even think twice about it.
There was no way I was taking profits early. I am exactly where I need to be right now with my plan and nothing will change that.
From a performance perspective I really need to win right now. I have been in this situation before and it usually does not turn out well. You do not often win in trading if you "need" to.
The difference this time is that I have been here before. There is nothing that can happen that will surprise me. When you repeatedly expose yourself to immense pressure the mind and body will adapt and perform over time (assuming you have what it takes and I think I do).
I will be increasingly more and more dangerous as a trader if I can maintain this type of mindset.
I think one of the most significant milestones a trader can reach is recognizing just how ugly it can get during the journey to true (consistent) profitability.
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