March 31 Overlay and Trades

I had two very good trades today that I ended up scratching after good excursions due to asking too much of the market.

This inconsistency in exit strategy has been a common problem in the past six months.

The occurrence today was due to building up a decent run throughout the month by taking quick profits and then giving most of it back in a couple bad days last week.

Effectively scalping mid range requires larger stops and I got squeezed twice last week. This is probably a rare outcome but caused me to revert back to my stubborn hold until full target ways today.

As somebody who knows what they are talking about pointed out to me today, this would have worked well in 2008 but will not cut in now or in the near future.

I could not have said it any better. It is clear that I need to take frequent trades and quick profits to make my one contract one single entry/single exit project work.

It is a tall order when I am highly accurate with my macro targets and seem to have to widen risk as I cover and re-enter later in sequence.

At least I know what I need to work on.