Painful down day. Didn't trade clockwork. Didn't stop at max loss. Took home an oversized (green) position.
My week is over except for seeing how these AAPL calls play out.
I was on such a roll, account at all time highs. Overconfidence = pain.
Review the principles of clockwork trading:
SMALL position size
Tight stop is the right stop
Pay myself first.
Popular Posts
-
I follow and admire the trader Mark Melnick. His Newsbeat trading room (of which I am intermittently a member) and his YouTube Newsbeat vide...
-
Sometimes I get feedback that this trading journal is very harsh. I guess it is. Especially when I get out of the habit of journalling eve...
-
Overdid it on a Friday. JD was a proper setup and worked great for terrific gains. CRM was not a proper setup. It didn't work and I hac...
-
It's been a pretty intense holiday season this year, cutting my trading days but also helping me get a refresh. In general, though, this...