Tuesday, August 4, 2009

Tuesday Log - Juggling Act

Today was an opportunity to visit the free open chat for SP500Guru. The first Tuesday of every month, 'G' opens up the chat room so the ES traders can follow along. It's an opportunity to see another style at work.

It was difficult to watch and participate the EWS chat, Guru chat, the market and keeping up with the ss. In addition, I have a group IM window for a small group of traders that I have known for several months. So too much going on and my trading today reflects the distractions.

The day started off good enough with a scalp short after the 1000 eco report was announced. From there it was two trades during the lunch time and I was on the wrong side. Tried another one, too early. Eventually the trade idea worked but not before hitting my limit. I feel I did not feel the market. Maybe due to all the added "stuff" going on around me. Result: -8.5

During the afternoon session I tried a couple trades but ended as a scratch. Overall today I felt I did not have a good feel for the market. I was juggling too many things and did not plan my trades like I should have. Easy to see clearer in hindsight but during the juggling act, I did not take the time to recognize it until it was too late. Bad circus act today. We'll get 'em tomorrow.

Trade Well !

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