Today there was such a day. But there was something else too: my mind and my expectations. Not that I traded bad today, I gained in total 11 points which is very good but there is feeling I could get more out of the market today.I traded two times today and the first one was a loser and the second one a nice winner, but there you have it. When I was in this trade, I felt it would go in favour of my position, my position was good, but my memory was with the loss before. I was stopped out at my trail.
I have a timeframe for my trades. With this I mean that I am trying to make net profit during one or two days. There lies my consistency. If you use a bigger frame, say a month, a day doesn't matter that much as long as you stay profitable every month. Read this thread about trade consistency
So my second trade brought me a nice win. My target was not hit but later the day it did. This dilemma, choosing for a winning trade to maintain my consistency or choosing for a target to hit is an ongoing challenge which I probably never will solve.
The S@P clearly above the 50 days SMA but far below its years high. See chart. Where does the DAX go this year?
daytrading
FDAX
