I did not have any trades today. I premised for a tight sideways market and that is what we had.
There were not really any opportunities other than small scalps. I like my trades to have a kicker built in for a good run.
Weekly Review:
I had some good trades this week and kept the average loss per trade to less then 2 points. This is significantly lower than my average and in line with my tighter management style.
I was up for the week. Over the past two weeks, I am up over 25 points. This is a very significant edge. If I continue to maintain this type of edge I will ramp up to larger size.
The difference between what I am doing now and the flat performance in the last couple weeks of October is just a matter of allowing myself to speculate more and trading the areas I believe need to be traded.
Also, I am making more trades. I will see more edge if I make more trades within my plan. I must do this without manufacturing trades against my premise just for the sake of having more trades.
My reads are correct 90% of the time and I need to bet on them often.
Next week is a short week but I believe there will be good trading each day. I must continue pressing.
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