Not a good day for my picks at all today. 25% Accuracy is not cool. I have been making some trades that are not in my plan and it is hurting me. I may be overtrading and need to scale back and focus on only the most prime setups.

The 3 wins, BDY, LVS, FMT, were some great picks with some nice FT

MW was just very unlucky as it whipped me in & reversed…It was a solid call though, just one of those breaks

VNT & NGAS were the two plays that stuck out today that are not in my trading plan. NGAS was an interesting little Breakout after yesterday’s psuedo Bottoming Tail but a 1 day drop is not sufficient enough of a reason to take on the risk that I did for this play. It just wasn’t over-extended enough to bring in a lot of buyers

VNT…I don’t know what i was thinking really. It was just a brain fart for I’ve never made this kind of a play before & don’t know what sparked me to today

BWNG too was not a good call. I could have played the breakdown for a really quick pop down as a scalp but my target was betting on it breakout down out of its range…now why would I expect that? Money isn’t made betting on such things, that’s precisely how it is lost. This was a hoper & I got what I deserved here.

On the bright side, I have finally stopped making the dreaded Jump-the-Gun error on entry & exits. I’m clean now going on 4 days & plan on staying that way. It used to be my most costly mistake. My second costliest error was improper order placement with Button Trader. But I finally have my system down as far as that goes and haven’t made any entry errors in quite some time either.

The next demons I need to erradicate are Overtrading & Sticking to the Trades that are in my trading plan. I would consider today a bad day relative to the past couple weeks since I started the new system. But if a bad day is -1 R-Unit, then I guess I can handle that :)