Tally from yesterday’s efforts is IPL-, BOQ+, PPC+, (CZN+ still open Thanks Askier)
The Negative learning event was the mistake IPL, a midday reversal. I lost a tick, trivial in itself, but in keeping with yesterday’s goals, I had to analyse my “self-talk” on this, and realised that it was a “frustration trade”. My first trade of the day (PPC) wasn’t happening yet. As soon as IPL pulled back I dumped it. Added “If-Then-Else” rules on the Midday Pullback strategy (Dexy’s Midday Runner rule…).
The Positive learning event was PPC. It was an illiquid ladder in the premarket, and it did take courage to take the trade. I did take it knowing that I was a bit hesitant. I was aware of the self talk. Ask ladder started building against me, then the bids built. Ended up trading it well.
Goals today:
Stay aware of the “self-talk”, avoid frustration trades.
Don’t get excited about the global QEIII – it shows scared they are. Fighting debt deflation with liquidity? I suppose you can put out a fire with petrol….
