20170105 – CL – Again – Missing Trades Because Not Able To Get Into Multiple Set-ups Happening at Almost Same Time in Other Markets
Had a difficult time here with being too "Eager" to get into a Trade when resistance was still to far away on the losing Trade. The losers aren't the issue, its following my Trading Plan that clearly states that if a planned Trade is missed, that you "Phantom" Trade it, until a Core Trade (NOT a Pattern Trade) Sets up as a valid Trade OR an add-on Trade. See what happens when you break the rules (as punishment is what should happen because rewarding any Trade Plan deviation actions, would only be mentally worse in the long run)!!!
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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