Gotta love Gene Simmons

OK Boss. Not having a good run this week. Here is where the mental game comes into play. After taking eight (8!) losses in a row, it is messing with my mind. WTF am I doing? Can I do this? Am I stupid?

Here is where it gets worse: last night I had a look at the markets after they opened. Here is what I saw:



Look at how much they have climbed! And they have already pulled back 8 ticks! Where will they go from here? I bet if they have gone down 8, they will go down 16! That will give me a better entry! That's what I will do! 

So, I put in a buy at 111'270. That will teach the market I can't be messed with!

Now I bring your attention to Exhibit C - what the market did last night and this morning:


So, you may notice that the price came down 8 ticks where I was looking at it and took off from there. It did come down this morning but would have filled if I had kept in my target of 112'150, or if I had gone for a full point, I would have been filled as well. MTF!

So, why Gene Simmons? KISS! Stick with it, don't get fancy, Keep It Simple Stupid! And adjust size to get some confidence back. So, switching down to ZF (five year). Could go with micros, but the fills are terrible. And I am doing some paper trading, but not having skin in the game changes my mindset. It is too easy just to put on a trade knowing that there really is nothing to lose. 

So, what is my mental block? Don't think it is losing trades but losing money. Need to keep everything in perspective.

Am I still happy with bonds? Yes. Is it screwing with my mind? Yes. 

Could be worse:



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