Hey Guys,
The market is up a bit more this morning. The MES futures are at 4,095 as I type this. I wouldn't say it's broken the level I pointed out yesterday, but it appears to be slowly penetrating it.
There were no new trades today. That makes it a week with no new trades in any account. That wasn't easy, especially since the market went up the last few days.
It's a good opportunity to check in with yourself and see how that felt. Admittedly most times you will see more trades here (on average I take about 3 new trades per day across all accounts), but there will still be periods like this, too. This is part of the trading journey with the strategy and approach I use.
My main goal is to stay in lock step with the back-tested approach since it has such strong results over the 20-year period that was tested. So if that means going a week without taking any trades, then that's what I'll do. That doesn't mean it will be easy, though, and right now we're all living through what that feels like.
I'll continue to keep my eye on the watch list. Google is the closest stock to triggering.
I manually closed my position for VST this morning since it reached its time limit. It incurred a small loss. It didn't go the same direction as the market, perhaps because it a utilities company.
If you have any questions or feedback, I'd love to hear from you.