June 2 Overlay and Trades

It is late and I am going to do a brief post tonight.

I had the worse low tick cover of a winning trade I have had in over a year today. There were reasons to manage the second trade today tightly but missing the move that I projected and boxed pre market is just plain unacceptable.

I actually stopped the trade out on the low of the bar just before the afternoon rally.

This is the same tight over management I described yesterday and in many previous posts and I just do not have any answers to why I continue to do it. It is not simple fear. The problem is much more complex than that.

I have been on top the moves and structure and hitting my areas unconditionally. The trades are working but I am not working.

I am considering a mandatory minimum 4 point stop on all my trades. This would increase my average loss by more than 25% but also increase my winning % as well as keep me in my correctly premised trades a majority of the time.

I think it will force me to see that my trades tend to work even when they start falling apart. It will cause me to pay when I am wrong but pay me when I am right. I is a statistical fact that I am right more than I am wrong.