Friday, August 21, 2009

Grrr.... perfect overnite analysis yet swing loss

So frustrating....everything was lined up... my overnite analysis roadmap followed exactly as I thought...then BAM.... the RSI trendline down was violated and I was forced to exit my swing SDS at a loss (about 4%). Well, that's Mr. Market. All we can do is trade intelligently, use our stops, stick to discipline, and be willing to take our losses and admit a bad trade, no matter how well founded it was.

For the week, profits exceeded the losses, but a frustrating way to end the week with the crazy turn in the ES.

We will be back at em on Monday.

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