Day Trading: A Personal Lesson in Trading Psychology

Recently, I was in a live trad­ing event trading the S&P e-minis. As always, I pre­pared for trad­ing the night before. My nightly analy­sis indi­cated that I should look to play to the short side once the market rose and hit a higher level. In the overnight Globex mar­ket, the S&Ps ral­lied, but not all the way up to the level I was anticipating. Price action then stalled just before the US open. I thought, “OK, maybe the mar­ket is a bit weaker than my analy­sis sug­gests. No big deal. I’ll look for a short opportunity in this area.”

My Trade

I went short as some sup­ply came in just before the US open … continue to read the article here: A Personal Lesson in Trading Psychology