Many times traders often tell others how they traded in relation to the number of points gained, or if they followed their plan. Today, the market provided little opportunities for big plays. An opening range of 6 ES points led to indecision between chop between the range and range extension.
Today was a day where you shouldn't judge your day by the number of points gained or lost, but points gained in relation to what the market would give you. The 4 ES points today should be cherished as a homerun day, since that is virtually all the market would give.
Look for another homerun day tomorrow....preferably with more points!
Monday, August 10, 2009
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