Friday, March 12, 2021
How to calm down my trading
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.
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.
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...
-
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...
-
Market inside open after a really strong day Friday. I need to get back into the routine of annotating, logging, journaling. WYNN gapping in...
-
I didn't love any picks this morning, except MNST which I have been waiting for it to trade out of this base. I bought and added calls i...