i suggest that successful trading requires a certain level of two things: cognitive intelligence (IQ) and emotional intelligence (EQ).
We use our cognition to 'plan the trade' and our emotion to 'trade the plan'.
the greater these two skillsets are, and the more in balance they are with each other, the greater the chance of trading success and ultimately trading mastery.
market likes softee's number's and pops the NQZ09 into my offering area...
i changed the initial offer of 1777.50 to the market, and was filled at 1775.50...
this trade: +17.17 NQ points/contract, 1 contract closed...
hoping for post open pullback, and bidding 1766.50...
also bidding 1753.50 for a second contract, but if the market is too stay bullish today, i would not expect this order to be filled...
flat the NQ, no offers...
***remember this is an illustration of what i am trading and my thinking...it is not a recommendation for you or anyone else to buy or sell this or any other security...trade at your own risk ***
'Securities Trading from Both Sides of My Brain' explores a dual aspect of securities trading: planing the trade & trading the plan, alongside a dual aspect of the mind: cognition & emotion.
I have been actively trading the US Capital Markets since 1996. I earned my living from 1999-2010 by profitably trading for my own account. I have recently returned to my IT roots, but still continue to trade my IRA. I love talking about markets, so feel free to leave a comment.
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