What would you have done in this situation?
One of the biggest mental obstacles in trading is deciding when to reenter the market after a couple losing trades or deciding when to pull the trigger during an uneventful day (no one pushing the market in any direction). Look to reenter the market when it’s most beneficial to you based on price action. If you see fluctuations that are not to your advantage, it could mean that money has shifted elsewhere; perhaps into a commodity such as gold or crude oil. After switching markets, you can then focus on new profit targets, your stop and getting a couple of points. Let price prove to you that it wants to move and progress out of the usual fluctuating range. Once again, if price does not tell you that it wants to be traded, move markets and start anew. With this said, if you are able to monitor multiple markets at once (you have a large enough monitor or multiple monitors in your setup), this is highly beneficial.
The video in one of my previous posts demonstrates exactly what I’m talking about:
http://thepriceaction.com/?p=141