Going in with zero envelope on the sells & probably 1.8ish on the buys & manually adjusting from there for prices & layers...good luck to all
Went in with a Minus .2 envelope...played it way too safe, up +$1200...not bad, out in 2:21 minutes, LOL. Have a good weekend everyone... Don
8 fills all short..."woulda" been a positive day with 5 winners but my position window was down & I double covered KO & turned a winner into a loser wiping out the other winners...T was good HD & LOW bad Good weekend to all
16 short fills (10 on less than full size positions), 12 wins, 3 losses, and a scratch, +1456, 17800 shares Was a pretty lame week for me until today. Good weekend all...
got f'ed in the a today. KSS went silly and had some bad data feeds come in. 3 fills / 2 wins / 1 loss -$464.00
My revenge trades are few and far between these days (less than 1 every 3 months)...question for the pro's: does it ever really go away? I don't know if its the Irish in me but every once in a while (like with KSS today) I get pissed and have to walk away. It is one of 3 blemishes this month out of 36 trades. It just caught me wrong because EVERYTHING went wrong...the fill, the pair, the retrace, AND (of course) the f'in exit. Oh well...just venting...have a good weekend everyone! See you in July Don.
We've all been there. I think its fine to get angry, especially when you make a mistake you know is a mistake. It's also natural to get very frustrated when you do everything right and still see a bad result. You just can't let it affect what you do next. That definitely gets easer to do as you go along. I like to consider lots of sports analogies when I have a tough day: a quarterback who throws an interception has to forget it immediately and play the next series like it never happened (assuming he adjusts for any error he made) or he won't be successful. The same is true for a golfer who makes a terrible score on a hole. He has to put it immediately behind him and play the next one or he has no chance at winning. To quote Joe Paterno: "The last play is not important. It's the NEXT play that's important".
It's just "tilt". I get mad at myself (not the trade) when I do something against my rules, whether it works out or not. I don't get mad at myself when I follow my rules and lose money. Each trade, where I follow my rules, is just a statistic. No trade is more or less important than any other. I know <b>IF</b> I follow my rules, I will have a positive month. Whether any particular day is positive has no meaning, as far as my emotions go.