I posted a question on evil, re: how you trade RL levels. I'd love to hear about it as I am an RL subscriber and haven't yet found a great way to put them into my trading.

I posted a question on evil, re: how you trade RL levels. I'd love to hear about it as I am an RL subscriber and haven't yet found a great way to put them into my trading.

Thanks for writing about this setup, I am sure you will learn from this mistake and probably never make it again, it's all mind games nowadays. In any case you have done a great job here. Wanted to find out from you what is the downtrending internal indicator you used here. Thanks and good luck.

Trading the ES is a beast…..I don't do it unless I have an RL.
Kudos for you in trying it out…!

I'm not really upset about it, I'm just frustrated that I've been my own worst enemy for the past couple of days. In fact, looking back on the entire trade I am VERY pleased with the setup. My analysis was SPOT ON, I I had whole thing setup perfectly, entry target, stops, protective exit – all of it.

I'm a very patient options trader, and I've had very sizable gains trading options. This whole futures business is new to me and I think the “Active Trader” pink and green flashing numbers mess with my mind. I've been closing that down as soon as the trade is in and my trading has been much better.

Watching the ticks and dollars move around isn't productive for me. If the setup is clean, get a clean entry, set your stops and go away. It's just actually doing it. Kind of like working out… I know I should… It's just doing it

Hey man, I have done the exact same thing many times before in trading and it definitely sucks. Even TK has been a victim to early stops geting triggered. However, think about a few things:

1. You didn't lose any money (in fact you made a profit)
2. You implemented a good trading strategy
3. You didn't know that you could have made almost 9 points before you entered the trade

I used to constantly beat myself up over thinking about how much money I COULD have made on a trade, but there's no point in doing that. Trading is a zero sum game and the fact is, you have no idea whether the market will go up or down, but have edges that will give you better odds in a particular direction.

The important thing here is that you have developed a good trading strategy and have perhaps learned a lesson. Remember that you never know what will happen, but you have a good feeling about what could occur. So just be patient, wait for a setup trade to occur, then implement it with all of your rules.

Take care and GL!

- Oh, and I have twitter, it's “inthepinktrades.” “Inthepinktrading” was too long apparently, haha