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
-
I follow and admire the trader Mark Melnick. His Newsbeat trading room (of which I am intermittently a member) and his YouTube Newsbeat vide...
-
I really struggled this week. I traded terribly. Kept trying to make it back. When will I learn this lesson?! Clockwork is the best way for...
-
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...
-
Daily setup : Gap up, but looking for a fade. Market gapping up, but so technically damaged from Friday that I don't think the gap up wi...