Well, when I get myself in a predicament like this, I tend to focus on the direction of where I made the mistake until I clear those positions out. Definitely is a day trading flaw but that is who I am right now and I haven't yet blown out my account doing it this way. In focusing on the long side, I have made 4 ER2 plays today with 3 winners and 1 loser. Total take is +23 ticks (equal to +$230 per one contract position). I have not taken any YM long positions. Between the gold and Russell plays today, I am performing fairly well; however, we cannot forget the longs that I held overnight. I am taking considerable heat on those contracts and they all came from a day trade that was rolled over to a swing trade - crappy process. It may end up drawing my account down below an acceptable level (it already has), but I have my finger on the catastrophic loss button that has yet to be hit.
Weak shorts are getting stopped out of the head fake we just had to the downside, but I am not fooling myself into believing that the downside is done - not by any stretch.
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