Very destructive day today. Backed all the wrong horses. Traded with greed.
GREED GIVES LOSSES.
How do I reset? I need to go smaller, more slowly. Probabaly, don't trade Fridays... the very fact that I have trouble stopping myself from Friday trading shows an undisciplined trait.
Shaving some money off my account into the reserves to help me stick to smaller trading.
Over the weekend I need to regroup. I need to watch replays of Meir's trading videos to realign my trading form. I need to NOT watch all the other shtuyot.
I need to trade with the clockwork attitude and not with whatever shigayon I've been employing.
I am not smarter than the market
I am not smarter than the market
Clockwork makes me money
Small size
Pay myself first
Tight stop is the right stop.
Popular Posts
-
After a multi- multi -week losing streak, it's nice to have another sizable winning day (albeit on small account). A+ lesson is to pres...
-
No surprise that when I trade on a day with zero great setups that I get hacked up (at best!). I'm lucky I didn't get totally smack...
-
Opening pick was AMAT, gap down on volume, breaking levels. When AMAT failed to drop out, I went long AMD for relative strength, and it was ...
-
BABA big win off the open. AMD small loss. Market became very choppy and didn't want to compromise gains so subsequent trades were extre...