The pain has to stop - Closed

 After mistakes the last few days, today's goal was to make only valid trades. Plan was to wait for the 0830 numbers, check all the charts, go in the direction of the hourly and trade the 2/5 if possible.

After the numbers, waited for some dust to settle and then looked at the charts. All timeframes were bullish, but ZN looked best. Tried 8-tick reversals for 15 minutes, but price just wouldn't come back. So changed to a 4-tick reversal. At 0903hrs, Bot 1 x ZN @ 116'000.


As price goes up, it will also come down. So at 1025hrs, stopped out at 115'270


I then bided my time and waited for another setup. Looked at all the futures, but ZF looked to have the best setup. Price looked like it was bouncing off the cloud on the 10M, and Std line on the hourly. I put in a 12-tick reversal, but price wasn't coming close (it was bouncing off some support).

Switched to an 8-tick reversal, and was filled at 1157 at 110'047.


Here is how the other time frames looked. Stop is set for 20 ticks.


I thought this one would work, but price has sold off again. At 1420hrs, sld 1 x ZN @ 109'317. 



I did follow all my rules today, and both trades were in line with my setups. But, a winner would be nice to stop the pain. I just worry that I will end up taking the next small win I see, and that would have turned into a large winner. This is why the psych side of trading is so hard!!!!

Some info here: http://tradersbud.blogspot.com/2020/02/dont-be-losing-trader.html

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