Thanks for taking the time to stop by and read my trading update for February 24th 2016. Today is Day 4 of my TopstepTrader Funded Trader Preparation. A bunch of news on the calendar that includes my nemesis Crude Oil inventories.
As per usual I find myself chasing after trades, and in the hole right out of the gate. The market action on these days always seems decent, the setups seem to be clear but the come back to get me every time.
The volatility triggers my bad habits; I did break my rule of taking any trades before the news came out so there’s nothing to blame but my lack of self control today. Poor entry, poor exits. The fact that it beats me makes it hard for me to give up, but something needs to change thats all I really know and it starts with acknowledging my failures. A terrible display of trading, this is a good example of what not to do!
I caught a break out in the ES market that helped me get back my losses. Long at 1910.75 and exited at 1924.00.
A total loss of -$107, ill take it and move on to tomorrow. 6 more trading days needed to reach the profit target of $3000.