Let’s start with a chart of the Qs today.  Nice uptrend all day long:

Consider this given the market trend above:

• I took two trades today both long
• I was in one position for almost 5 hours, holding until the close
• The same position closed very near its high for the day

Given these facts, how many Rs do you think I made today?  4?  5?

Nope!  I lost 0.4R today and spent most of the day closing in on -2R.

It’s days like these that really used to frustrate me.  I would see friends later and they’d say, “You must have made a killing today!”  I’d start explaining that it didn’t work quite that way every time and they’d look at my like I was an idiot.  “Even a moron could make money on a day like today,” I bet they’re thinking.

These days don’t frustrate me any more – they come with the territory.  There’s plenty of days that I outperform the market by a lot so it’s no use getting frustrated by days like this.  You remember my motto, right?

Here’s the charts.  Stopped out of SIFY for -1R:

Here’s the trade that made it until the close for a measly 0.6R:

Here’s one that I didn’t see until it was too late:

Related posts:

1. Roller Coaster Month So Far
2. The “Late to the Trading Desk” Exercise
3. No Trades Today, Unfortunately – Here’s Why
4. No Trades Today – Why?
5. No Trades Today