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Re: DH, at mid day my focus-----

was not the desired focus I prefer. I had responsibilities with the corn market and spur of the moment short in FC that was demanding my attention. To say the least, it was a demanding day but somehow I managed to make all the right choices. Tomorrow may be a different story.

I don't know how or why my last pair of hogs survived a tic away from a damage control hit. I didn't even notice until the deposit bell rang for the first. After the close and a brief moment to unscramble my mental confusion and air out the smoke from my overworked mind, I decided to cut the other one loose if it wanted to hit 69.70 again. I was surprised it did it so quickly since I had pulled my damage control up to 69.30. I'll be ready with my fishing lines again tomorrow, looks to me like 70.40 is a done deal just waiting to happen. Will there be a sucker run on the south end at 68.75 first or will the 69.00-69.35 start the next surge to 70.40 resistance.

It just occurred to me, there is a good setup for a gap higher open tomorrow morning so I stuck an buy order at 69.40 for the rest of the day. I am still holding the 67.80 long from lift off at the beginning of the day along with the 66.20 I've been holding onto for 3 weeks waiting for my 70.40 target that was marked with daily closes above 68.00. Yesterday I was waiting to get stopped out of it. I even had a 3 lot fishing order at 66.32 this morning that would have taken me out of it, along with a plan for an additional $1 follow through.

That was favored Plan A that I didn't get to use but I was surprised(as seems to be the case so often) by having to trade Plan B that lacked ideal preparation because it was Plan B. I consider myself lucky that I didn't end up trading Plan C because Plan C usually means keeping the pain at minimal levels and no fun at all. Plan C usually means call it a day and nurse my wounds.

I hope everyone else had as much fun today as I did but I didn't really have the focus time to enjoy it but maybe that kept me from over thinking it. That could be why everything turned out in my favor. The day after days like today tend to bring problems because my swelled head has me believing I can DO NO WRONG and I try to force trades rather than let them come to me. A good dose of reality helps make a better person and a better trader, just part of the learning curve. It's too bad my learning curve spent several years stuck in the mud of ego and stubbornness, which came very close to only learning multiple ways of making donations and a process of 1 step forward then 2 steps backward.

I'm rambling but this is my way of reminding myself to keep ego controlled. Today was pure LUCK, of being in the right place at the right time and getting follow through. Tomorrow my LUCK may disappear and its up to me to recognize that and keep my donations minimal.

Messages In This Thread

This is gonna cause some anxiety----
The ones you have on the line - - -
Re: DH, at mid day my focus-----