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
-
Two nice setups today: TTD and ADI. Both big gaps on earnings, all the beautiful levels, etc. Both too spready to trade 🚩 TTD I thought I ...
-
CRWD stops matter. QQQ should have tried again. COIN saved my day, but again, stops matter.
-
Smart or lucky today? Does it matter? I think trading is analogous to backgammon. There is strategy of game play, but there is also luck of ...
-
Was it a good day? NFLX redeemed me. DGX -26% First I took a WTF trade on DGX. I looked at it and thought, "blow off top", but ...