White Knuckle Day!!

Last Wednesday, 'SPY Gopher' generated a Long Entry Signal, which made me 100% Long the ES (http://stbsmb.blogspot.com/2009/06/spy-gopher-generated-entry-signal-for.html).

Yesterday, 'NDX 30th DOM' generated a Long Entry Signal, which made me 100% Long the NQ (http://stbsmb.blogspot.com/2009/07/ndx-30th-dom-generated-long-entry.html).

Yesterday, I was able to get into the 'NDX Summer Rally' Model at the original Entry Price that was generated last Thursday, and this made me another 100% Long the NQ(http://stbsmb.blogspot.com/2009/07/asleep-at-switch-ndx-summer-rally.html).

So right now I am about 300% Long (200% Long NQ, 100% Long ES). White Knuckles Baby!!

This is the riskiest aspect of my style of System Trading. I will have a few days/year where I might have three or more models open in the same direction. Today is one of those days.

So how am I handling it emotionally/psychologically? I did what I could to relax my body and my mind so I can be at full mental strength for today's trading. Yesterday, shortly after the market closed and I was 300% Long, I went to the gym and did my usual cardio routine. Since my positions are in the ES/NQ Futures, I could check to see how they were trading in the after hours session, but I didn't look. I don't know what good it would do me. Instead, we had our family dinner, then I took my 2 1/2 year old son on his new bike to the local park, read some books to him before bed, and then had a chance to spend some time with my wife. In bed and asleep on earlier side for me around 11pm.

Today, I awoke around 730 am well rested. I reduced my usual AM coffee intake. I have been at my desk and in front of my screens monitoring what is going on since about 830 am, one hour before the NY open. Though I have been keeping an eye on my Futures positions, I have also been monitoring a potential trade setup for my daytrading activity at VCM, posted 3 notes to the Blog, spent some time with my family, caught up on some email, and did some bookkeeping.

I am aware of what is happening in my positions, but I am trying to keep busy so I don't obsess over every tick that goes out of my favor. So far so good, but there is still about 2 hours to go before the closing bell, the ES and the NQ are barely hanging onto their lunchtime bases, and the closely watched Payroll Report is scheduled to be released before tomorrow's opening bell, which might cause some EOD volatility. As we all know, anything can happen in this market.

Oops, the ES and the NQ just broke down through the lunchtime base.