Friday, March 12, 2021

How to calm down my trading

Today what I needed was a day to calm down. The past several weeks everything clicked and I definitely got over-confident. I was trading too big. Going for extended targets. While being "too smart," I got chopped and burned.

Today I stuck with trading small. I removed a lot of cash from my account. I took small-ish positions. I stopped trading after the opening moves. Peace!

While doing charts, I see that my 2 losing trades today were both on TSLA, which was not my setup

LESSON 1: I am not smarter than the market. Don't trade nms. 🔨🔨
LESSON 2: Because I had small size, I was able to hold through volatility and get my targets.





premarket prep

In the vein of no follow through, almost everything I traded and watched for long yesterday, is in my volume gap DOWN list today. Lots of bearish flags. Choppy nature of the market. 

I moved money out of my account, I don't like how I'm trading the past few days. I need to slow myself down, get better in sync. 

Today's focus: best setups, small size, tight stop is the right stop, pay myself first (10-15% instead of usual 20%). And also to constrain for time: no new positions after 10:15 (I set an alarm!)

Thursday, March 11, 2021

A mess

 Hacked today. Up 2% then down 2%. 

Markets not really synced. No easy money out there.


Moves didn't follow through today. What makes that happen? Market is extended, and so there is not a lot of oomph behind the buying? Definitely this market did a 4-5 day fomo push off the bottom. 
Ugh!








Also frustrating, but green (Wednesday)

Yesterday, I regained new highs, barely. Was a frustrating day, even though green, I had been much bigger green. Felt like not good follow throughs.


Premarket this morning, I don't love any long setups. Market is continuing run up off several day corrective pullback, but my gappers screens don't show anything too compelling. Will check IBD screener.

Tuesday, March 9, 2021

Frustrating day. Right trades, wrong times

 The most frustrating kind of day. I was in the right things with the right premise, but I got shaken out. 

I think that typically means I'm in too big. Too scared? Definitely I tried to press a bit today. 

If I'm honest, I didn't do good preparation today.

I got burned. I deserved it. I can't just roll up and then also press hard.

Stay small!

Monday, March 8, 2021

Another milestone! Tzedaka!

Another account balance new high milestone today. 

I spent a really long time struggling with trading and I'm daring to believe that I finally found my way to consistent profitably.

Not just daytrading, not just scalping options, but the rules of clockwork trading that have propelled me. 

I am on my way to the dream!

Suddenly it occurred to me, after all the demoralizing failed job searches, I should thank those people who seemed to be doing me no favors. They left me with no alternatives but to figure this out.

And thank G-d for leading me here. It is a pleasure to give more tzedaka than ever and share this success.

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