Well today was a different kind of day. An average, the trades that I made were pretty OK. All but 1 of them had 3+ Convergence and the one bad trade I made ended up being my smallest loss on the day. However, despite this I had a full daily stop today after losing -2.73 R-Units after going 1 for 6.

Tough to come out ahead on a day when even your good trades loose money. After reviewing my trades, there were a few times where I could have cut my losses a few ticks shorter or taken some guaranteed profit instead of going for more and instead taking small losses. But those really judgement calls and hard to condemn as bad decisions unless a more prominent pattern starts to develop in my trading.

As it stands, I’m just chalking today up as one of those days where the market wasn’t moving in sync with my trading methodology. Definitely cause for a note, but not really concern as its only 1 day.

There will be no Trading Chart Lesson today as I have yet to install the software on this computer that will allow me to cut & paste screenshots of the charts. I will be doing that tonight so lessons will be back up tomorrow. Sorry for the delay but I underestimated the amount of work I had ahead of me when I purchased this new pc!

Consecutive Days Hitting Net Daily Goal: 0
# Days Hitting Goal out of Last 20 (with goal of 16/20) : 1/2
Total PnL over past 20 Days: -1.60 R-Units