June 4 2010 Overlay and Trades

I had a feel for the move down this morning and premised accordingly. I took an aggressive short early on that missed the reversal by about 6 ticks.

My next short re entry would have been 1090.00 but the price did not make it. I got in a hole early but managed to fight out of it.

I covered the second short at the low of the day retest at the time. After that, there were not any good re entries as the price sold off.

Today was tough day and a good fight back after getting down. This was a strong finish to a losing week that was full of good reads and entries but poor management.

The biggest problem this week was weakness and lack of aggressiveness. I need to keep hitting trades and stick with them regardless of my equity position.

Letting my entries work this week would have led to a big win as opposed to a tough loss.

It is interesting that blog traffic was up today. I think many were wondering if I was going to go 0 for 4 this week.

The losing days were a result of me beating myself. It may sound unbelievable but I had some of my best reads and best trades this week. However, the draw was one of my largest weekly draws in the past year.

Starting the day with 2 losers after being beaten the past 3 days while knowing I had the right read put me in an ugly mental place. I felt like I could not do anything right and was highly agitated. Confidence was diminishing.

I considered going off screen because I did not want to turn a bad week into a disastrous week. However, I could not quit. It is not in my nature to give up so I re focused and continued fighting.

I actually got more aggressive knowing that conditions were tough and that I was a little off mentally.

It was not the come back I have been fighting for in the past number of months but it was a strong finish to an ugly week and demonstrated that I could take a stand and recover.

I have a lot of work to do next week and must stay aggressive. I am going to put everything on the line next week and attempt to end this grind I am in once and for all.

I will trade with aggression and conviction. We will see what the past few years work has built.