Week Ending: 20 January 2006

I can't remember how trading went on Monday or Tuesday but if I remember correctly JP took 10 points on Wednesday and just over 9 points on Thursday (let's say 10 - he may have made that). JP didn't make it in to the room on Friday but we all know that he would have sold the pullback on the Range Extension down in the ES at the VAL and easily have made 10 points on that trade as well.

So that makes 3 back to back 10 point days. I'm sure that he made money on Monday and Tuesday as well.

We are all suffering from the same problem. We're not staying with the trade. I know that I made money on Friday but what I made was pathetic to what I could have made had I had JP's resolve and discipline to stay with the trade.

I think that we all know that the methodology works and now we need to work on the discipline and the mental angle to get us to hang in on those trades and work them through to the end.

If anybody has any exercises or ideas about how we can do this then let me and/or post a reply here.

Yours in enormous profits to come
Guy

Week ending 4/21/2006:
Room was talking about when JP last had 2 back to back 10-point-buck days. I'd just like to note that today was also the second day in 2 back to back 10 point days.

So he made a 10 point trade yesterday (Thursday) - that was a very impressive trade. And today (Friday) he also made a 10 point trade.

Yesterday's 10 pointer was made in about 45 minutes. Today's took the entire day to play out. It's his patience that does it... The patience of a saint.