Once again, I didn’t trade the pre-opening market and had a Dr.’s appointment at 8:30, so I didn’t get in front of my computer until nearly 9:30. I made several trades early on, and was up 2.5 points until I opted for a TRADE AGAINST THE TREND. Several posts ago, I stated I have a strong disinclination for trading against the trend, and I should have taken some of my own medicine. The trade was disastrous, and I stopped out at 12 ticks. Of course, I could have jumped out of the contract at any time until I reached the stop, but I was absolutely convinced I had found the counter trend trade that would be a real whopper. So, lets see… how many of my rules have I broken?

1. I traded against the trend.
2. As the trade went against me, I rode it into the stops
3. I developed an emotional attachment to my trade.
4. I failed to reduce the number of contracts, as you should do in a counter trend trade.

Yep, I broke all of my rules and I was convinced I was right as I traded…as a matter of fact, I cursed the screen because IT didn’t do what I wanted it to do. And I paid dearly for my inept trading behavior. I am amazed that every now and then I make the same mistakes that I rail against. So, for the day -.5 pts@5 contracts. The Fractal Trader is pissed.