Keep Calm and Don't Move Your Stops.....

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Wednesday, May 8, 2019

Not killing it but not losing either

Just closing the gap between mental and emotional sloppiness and disciplined thinking. That is all I want to do right now. The big dollars will come.

Inventory day but I elected to try to be strategic about it and be patient and I was for the most part.

The pics tell the story but in the end, I got around 20 ticks total. The last trade was the one I was waiting for and yet all the waiting must have gotten to me. I took the trade, closed it, took it again and then bailed too soon. It did exactly what I thought it would do. Emotional capital expended fighting the urge to be stupid. It was better today for sure but still difficult.

The first chart is 30M and it made me a bit nervous to be trading either direction but I did take a short as noted on the second chart, a 5M chart. 10 ticks.

Third chart I had an order in that did not get filled but would have worked really well.

Last chart is the trade I really wanted. I had a long bias the entire morning and it set up nearly exactly as I saw it happening in my mind. I just couldn't hold it long enough which seems silly but I think I over thought the entire morning and allowed fear to set in thinking I didn't really get it right.

Done for the day, not unhappy about the analysis part, still have a gap to close between the mental aspect and the emotional aspect of this game. Perhaps for the first time in my trading endeavor I recognize the disconnect between the two. I always thought if you get the mental piece right, the market knowledge and the technical skill right, that would fix the emotional aspect. That was wrong headed thinking for sure. I have talked about it before at length but the actual awareness of the disconnect was missing. I know its there now and I can face it head on.





2 comments:

  1. The one that made you most squirmy, was the trade of the day.....obviously.

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    Replies
    1. Yes, I know....kinda bummed I bought almost the bottom tick of that move and bailed so darn early. It went on all day. Could have just left it alone and let the GTC order take me out end of day.

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