Trading Blog

Friday with a side-order of NFP

Non-farm payroll came out in the AM virtually doubling the expected number.  Gap down with a fair short-covering rally followed by a roller-coaster.

MES 5000 tick chart It's interesting how the 5 minute opening ranges (yellow) of Wednesday and Thursday added to the equation today.

Body and mind felt better today with an 8 out of 10 on the stability gauge.  Took an L on the day because of a touch of FOMO and burning through a few trades in bad entry locations.

 

Aug 5 MES NFP

Body and Mind - Awareness to Trade

I have Psoriatic Arthritis (Inflammatory) and it's about time I started writing about my trading journey and how this disease influences it.

Traded MES and MNQ this morning and couldn't see the forest for the trees.  My morning prep was complete and after all of it I felt 6 out of 10.  After 9 years of dealing with all facets of this disease, my body has become a barometer for mental performance and emotional stability.  A number below 7 is where I NEED to trade less, zoom out, and bring patience to the forefront.

I had a bias to short and fight the trend and after 4 crappy trades (pic below), I'm out.  Similar story with MNQ.   Today I had awareness to see bad execution and shut down the platform.  That in itself has proven to be a victory.

Live to trade tomorrow.

 

Screen Shot 2022 08 03 at 2.02.47 PM

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