Friday, March 5, 2021

The long awaited day. Account double since Jan1

Since January 1, 2021 until today, 43 trading days, I have doubled my account.

I am so proud of myself.

I have had an exceedingly long journey to profitability, and I'm starting to let myself feel like "I've got it". 

Will there be losing days in the future? Of course. 
Will it throw me off my game? Not anymore
Will there be "off" days? Probably

...but I will continue to apply the mantras of Clockwork Trading:
Small size
Tight stop is the right stop
Pay myself first

Congratulations to me! Baruch Hashem
Onward and upward. Hazak!

Thursday, March 4, 2021

New account high.

I am so grateful to have a new account high today. I was somewhat discouraged after Monday and Tuesday, both red. 

I shifted mentality and technique. My old inclination might have been to press harder to "make it back", but that's where the problem came from in the first place (see also last week Thursday). 

The solution to a mentality problem, or out-of-sync with the market is to take the pressure off. Trade SMALLER size, take EASIER targets. Start stringing together successes again. Get my head on straight again.

Looks kind of hack-y today. I didn't want to endure pullbacks. Shaved off partials when it stalls.








Wednesday, March 3, 2021

Big comeback +8% day

It worked. I traded smaller today, with less of my account, I took easier targets.

As frustrating as it is to make money slowly, it works. It controls risks. It minimizes emotions. It keeps me smarter. 

Taking 15% pl target vs 20% helped psychologically too, even though I took "small half" or even just 1/3 at easy target, it is sooo helpful for my psychology to get a piece off green. 

This is how you rake it in, you know yourself, you adapt. I'm a good trader, but I need to keep my head on straight. Can't get arrogant with huge hotdogger trades. Just stick with clockwork.

Maybe charts later. I should... 
In general, my biggest $ loser was accidental LYFT puts instead of calls. AAPL, RKT nms. AAPL was a win I didn't deserve and RKT was loser/s I totally deserved.




























Tuesday, March 2, 2021

Ouch. Another red day

I do not like how I traded today. I got hyperfocused on PLTR, which did not move at all most of the day and I lost money. It was nms and I traded it poorly also yesterday. This one is in the doghouse for a while.

Only winner was TLRY. Also lost on XM, NIO and BIDU to round out a truly crappy day.

Tomorrow's strategy: Reduce my account size drastically. Reduce my position size drastically. Reduce my p/l target possibly.

Only trade the very best setups. OR OTHERWISE PAPERTRADE.


Monday, March 1, 2021

Losing too much on a nothing day

A real nothing day today. Market up too strong, but momo stuff not really reacting. 
I'm red for the day. And frustrated because I didn't get my endorphins today. 

I took some too-big positions on not my best setups. 
I know I can't sit on my hands, so I should just paper trade. 
And if I can't handle not getting the rush... a bag of m&ms should do it!

Popular Posts