These were the first 2 trades that I made this morning. Both of them followed pretty much the same M.O.

TRIX Divergence (TXD+)
Trendline Break (TL+)
NYSE-TICK hook (TCKH+)

And both of them turned profitable soon after entry. Either I set unreasonable profit targets given the likely whippy nature of today’s trading day or else thease were just as couple of those unavoidable losses.

On the first trade I had my target a couple ticks below the double bottom extension at 793.80. I think maybe 1 contract was traded at the price before it reversed and took out my stop.

So I tried again at 9:44 and almost immediately was up 1 ER2 point. Now here I totally should have exited the trade when the negative TRIX Divergence reared its head instead of waiting for price to 791.70 low. Honestly, I just missed it as I was paying more attention to the 2-minute chart on this trade.

But the key here was that both of these losses were pretty small. So much so that it only took 1 trade to get me out of the hole. Time and time again, my results have shown that if I can just suck up my pride and take these little hits before they get out of hand (EVEN IF I SOMETIMES SHOULDN’T) then I’ll make out ok in the long run as the good trades will eventually come my way.