I was so focused on following trade triggers and avoiding impulse trades that I failed to adhere to the one basic rule coming out of the doldrums, which is to not trade unless and until the doldrums range is fucking cleared. There was a battle going on after the doldrums closed between those that wanted to push out of the range and those that didn't. This chop created several signals both long and short that resulted in me getting a bit chopped. I believe that I need to simplify my charts a bit to ensure that I do not miss any of my rules when entering trades. I am happy to say that none of the trades I entered were "impulse" trades and that I got up and walked around when I took small loses.
A quote from "Charles" has been on my mind lately:
"Small losses can be easily recovered in the next few trades. Large losses can be psychologically damaging that take a long time, if ever, to overcome."
So obvious, but how often I forget it when I am in the zone.....or just zoned.
We remain in the doldums chop zone. Regardless of set-ups, I will take no positions unless and until we clear the doldrums range.
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