I won't be available to trade tomorrow because I've got a long meeting. This is very aggravating. I guess I wasn't patient enough to pick the fruits at the right time. I let losses run a bit and I had a losing streak. It would have been okay if I had handled it better. 1. I allowed my profitable days turn unprofitable for the sake of trying to make up losses. I keep telling myself I won't do that but it keeps happening. 2. I traded at times when I should have just sat back and allowed the market to tell me when it was ready for me. The impatient need to hurry up and succeed is such a fallacy. At least half of the losses from last week would have been recovered if I had simply "just traded" without fretting over my problems. When profits become consistent, the same old errors resurface again. If I can keep myself profitable in the long run, then I should be just fine. Right? But what if I'm too self destructive to allow it to happen.
um yeah...this is the day to be trading. This is really putting me in a bad mood. Week and half of struggling and today was supposed to be pay day by far.
I'm up $728. I traded what I know. I didn't try to predict longer time frames. I just traded what was going on at that moment in time. If I continue trading, the odds will be not in my favor. I simply do not know how to trade certain market conditions and I must accept my level of ability for the present day. I am at the point where I tend to fatigue and surpass the curve where clarity is at its highest. Wishful thinking begins. And greed overcomes reason. Note: I trade better on Mondays after a weekend of working in my career. It is as if a reset button was triggered. I'm not sure how to explain it, but I always feel humbled in some ways.
Well played. I see where some improvements can be made. I became frantic at moments. Its all psychological. Perhaps, additional data would improve my prowess. $479.70. It isn't much considering the type of morning it has been. That was my own fault. I should be grateful. I am ahead of my goal for the week. EDIT: My first trade was my best trade. It lacked size due to an order placement error so it didn't do much form my PnL. Took a hit. A few small trades that ended up on the negative side. Was down 200-300. Then a couple of well played trades brought me back to $480. Market is still dropping. I didn't even see it because I'm typing this thing up. I'm supposed to be done trading, but I feel like I'm missing out on a prime day.
At some point, I think I should learn how to use runners. This would require a different style of trading. My way is to jump in and out during opportune times. I don't have to deal with the waiting involved with the complexities of longer time frames on the mind. Its easier to discern whether I am trading what is in front of me right now vs anticipating a shift in market sentiment over a longer stretch of time.
$421 on 2 long trades. Stopped out on my last ct at +3. Kind of sucks because I don't think it is going to go below 98 much if it all (small tf), but I've got to prevent those losses. I need to be more serious about curbing risks..i know i know, thats what I have been saying. I've been cautious today and I've cut my winnings short; however, this is good. If I try to force more profits, I will only end up losing much more money. Haven't entered PnL last couple of day. It hasn't been good. Both days I was up 600-800 in the first hour, only to end up losing much more instead. Gotta get some errands completed and get some sleep before work tonight. I am done for the day. It is very beneficial for me to go into work tonight in a positive mood. I think my posts have been more entertaining to read lately. Maybe not.
Made some pretty good trades. Stayed away from too much anticipation of moves. I stayed away from longer tf speculation. Banked on today's trading environment. Slow tick and prices adhered to short ranges. I'm up $408.90. Not a single losing trade. Almost 1 losing trade that went against me 4 pts. Its just teasing further downward movement. Its just doing bank shots off of various s/r levels. Maybe later it will follow through with a move with more conviction. I should be done for the day. I really should leave before I lose it back. Odds have it I will.