I spent most of the morning trading long then short TSLA and came up red. Both great entries. What went wrong? Greed. I ignored my pl target and tried for a homerun.
This is the trading performance of a child or a novice. I know better than this. Lessons learned a zillion times: I am not smarter than the market; Clockwork works, follow the rules; don't hold for homeruns. Always take a pltgt.
What a way to close the year. -12% on the long and -5% on the short, after each had been up 30%+. There is literally no way to explain this incompetent behavior except extreme greed.
What was my mental state that posessed me to trade like a jerk? Greed. "This is going to really run"... "This is going to get wrecked." I should BE AWARE when I notice myself thinking these thoughts. These are irrational thoughts.
Taking off until next week. May 2023 be my most profitable yet!!
