Thursday, January 5, 2012

1-5-2012

O/N dropped. Jobless report came out better than expected and pre mkt recovered.
A thought crossed my mind that the mkt may want to test over night low at some point during RTH.

I  closed my ZC short with tgt hit. Looking at ZW and HE reached full targets without me proved that my fear is limiting my results. I was in both of them but exit out with a very small gain.

I did avoided two potential losers by looking at price patterns on 6B and GH.

ES and NQ trades were terrible today. Missed couple winning calls but got all losers. Still need 2 cars to make it workable. What's the fear of instant result and swing result? I seem to fear small but instant loss than bigger but longer time result. Why?

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