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.
FAST OPTIONS TRADING. Fast in/out. Apply trading rules like CLOCKWORK. Have a day. Sleep at night. This is my personal trading journal*.
Popular Posts
-
Setup: AVGO top on my volume mover screen. Trading above 4 day bear fin. Intraday spiraling at vwap. Market dropping. Initial position (blu... -
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 ... -
Back to the habit of trade review blogging. After a prolonged and wonderful uptrend, we're now pulling back. Daily stochastics finally ... -
The very best thing I did today was review my "lekachim" list of strategic trading reminders. It helped me focus on proper trading...