10:30 Lesson Again

My stop loss is getting better. ES lost 0.5 point and NQ short lost 2 points. My sense of direction is correct. Today, again, is a range trading day, but my entries are bad. Shorted NQ 10:20 at 1538, only watched it goes to 1542 at 10:40. I was gonna to cut if it goes to 1543 but luck it touched 1543 and turned back. Eventually I covered at 1535. But a trade risking 5 points to gain 3 points is not a good trade. I need to remeber this 10:30 lesson.

Tend to switch to long in the PM, as GOOG is very strong now.

Today is good. 6 trades so far with 4 wins and 2 early losses. Account is making another ATH and I am little bit scared. Everything seems too easy and I feel a big mistake is coming. I reduce my trading size and plan to close the last trade and watch a movie for a while.

Enterred the trade again to long for a break out when I noticed the market is very strong. However, I enterred with a big position and couldn't hold on. Finally I had to cut it with 2 points loss. PAIN! As it turns out, the market is still in range mode.