Initial jobless claims came in much bigger than expected pre-market this morning, that popped the indices just a bit before it retraced and price got rejected at ONH - overnight high twice after the open.
I waited until the ISM PMI data came out at 10 a.m. and let the market digest the larger than expected number. Around 20 minutes later when my my primary edge: the cusp trade formed I took the long in the NQ.
Initially the trade went in my favor but price again got rejected around the ONH zone for the third time in the morning session, retraced, stopping me out.
This is the nature of our business. Perfect entries sometimes do not work. This kind of annoying R1 paper cuts are to be endured and not something that should lead to impulsive trading. Remember patience is the name of this game. Patience to wait for the perfect entry, patience with the position once it is live.