Another blunder, impatient with 9,000 XXII at $5.30. Took out $6.90. I am dumb! We must not realize how easy fatigue gets playing war daily.,
This is so true. This is why it's important for me to work out in the morning. And after putting a lot of thought into this, as well as reviewing stats, I'm going to set an alarm for 11:00am (central, which might actually be a little late). After that, I won't trade until the last hour of the day. We're so incredibly programmed in our society to be productive as possible. We need to let that go as traders. Yes, we need to back test (if applicable), review stats, and do prep work. But the actual trading should take a small portion of our time. Tom Hougaard's book is the best trading book I've ever read. He goes pretty deep into how he religiously reviews his stats. Toward the end of the book, he said he now only trades the first hour and a half, and he doesn't trade on Fridays. I haven't done one trade today, and I'm writing this as there 68 minutes left in the day on a Friday. I'm not even going to log into my platform. New guys, don't ever feel guilty about under-trading. Trust me, it's much more profitable than over-trading. And if a firm ever tells you you're not trading enough, walk out the fucking door. Immediately.