Click on chart for comments on the ZB Market trades.My first entry was at 8:35AM Eastern time, and was not a winning trade. This trade lost $250 for every 2 contracts traded, according to the stop loss. Although, I handled the trade differently in my actual trading taking a loss for less money, but for example we will leave it as is to show you how being patient and disciplined will win the day.
On my second entry, it came at 10:20AM Eastern time at 121^01. My trading plan had me take off my first contract at plus 16 tics or 121^09 for a gain of $250. My second contract eventually caught up with the greenline strategy and the protective stop was hit at 121^22 for a gain of $656.25 for the second contract.
Today's Trading:
1. Loss of $250
2. Win of $906.25
Net Gain: $656.25
Good Trades,
David AKA Tiger
P.S. This happens more than you would think. That is you start your trading in the loss column. The new trader like I used to be at one point in time, and if I am not careful even today, will get their blood boiling on a loss, and do stupid things trying to get the money back. Just like in a casino, always remember the HOUSE has the EDGE. Your only defense that you have and strategy is to remain the following:
1. Patient
2. Disciplined
3. Self-Controlled
4. Faithful
5. Confident
Keep this in mind the next time you get the blood boiling and you put on your revenge hat to make the money back. You are falling into the casino trap of losing it all and more!!
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