4-Apr-2025 | Morning | NQ Trades
How much is really enough?
Greed and fear are part of us, we don't need to get 'rid' of them. We simply need to work with them, understand them and step away when they seem to get too loud.
When entering a trade, what is more important than your entry and your TP? It is your SL. You must know where to exit before you enter the trade, this will help you build a muscle and overcome old patterns of unprofitable trading.
Trade #1 and Trade #2 this morning.
Entry was at 50% of the zone, I was looking for a 1:1 or even 6-10 points. However, I was aware of the larger zone below me and that price might dig deeper.
When I saw how price was behaving after tapping the 50% I got out for a very small profit. My entry was not optimal because it was manual instead of a Buy-Stop.
I missed the tap on the .7475 of the larger zone, and that was okay - The next stop was a scalp at the 30% of the bearish zone.
Again, I did not like the Price Action for Trade #2 because:
- I knew where I was, at a potential higher timeframe bounce.
- Price was above the 20 and 200 Moving Averages while I was trying to short.
Trading is like juggling a lot of things together.
Have you seen one of those performers who appear to do the impossible and manage all these different items in the air while engaging and entertaining the audience.
They are in a state of flow, while executing on something very precise.
Life is all about the contradictions, you must exist between the two.
Be in a state of flow with your systems.
There is not a single system that works, different days require different approaches.
Build your systems, refine your systems, live by your systems and don't take yourself too seriously.