Live Trade 04/2/07
Interesting trade for your review from today. I actually made a boo-boo after entering the trade. Instead of just left clicking to set my profit target I right clicked….opps that does a market order exit. I immediately re-entered the position and traded on from there and took my 5 tick profit.
But heres the thing - that mistake cost me a tick. And in scalping making mistakes like that will not fly. I am almost always automatic when doing this stuff normally but bringing in the screen recording and having to discuss the trade cost me 25 bucks today. Small in the big picture but definitely something that I will not let happen again.
One of the things I take quite seriously when I am trading the E-minis during the day is that I try to maintain absolute focus and remain calm and steady. I have actually received emails from people saying that my voice is boring during the videos. I am glad to hear that because that is exactly what my trading should be like - boring and machine like. So when I was a little ticked in this video it reminded me of a video I had saw some time back on another blog.
In that video you will see what a disorganized, confused, and emotional trader looks like. If you ever find yourself feeling or acting like the guy in this video, just walk away. Take the afternoon off. As to what strategy he is employing, I won’t even venture to say. But the video is quite funny. Watch it till the end
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