Incompetent.

 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!!

One and done

Tuesday morning, Dec 27. Happy anniversary!

Friday was half day for the market. Monday closed. Who knows what's pent up this morning? Who knows if there will be action this last week in December?

Reviewed "lekachim" over the weekend. A lot of treasure there. Will organize and post bli neder.

One of the lekachim was from when I used to trade bigger, and reminded me trade management around sizing and max risk. I decided to try working that method again... Basically, go big first trade. If it's a winner I can trade again, but smaller. If it's a loss, I'm done. Motivates me to get the first trade RIGHT. Or sends me away if I don't qualify to continue.

Today the setup I like the best was AAPL. It is LONG TERM failing on the daily/weekly. Shorting weakness in the fin. However, bc I'm in pretty big, I'm taking old pltgt also of 10-15%. Also some support at 130. In retrospect I took it off early. But without retrospect, aka in real life, I like the levels I picked (short on pb to vwap), and I love the money I made. Done by 9:50am. Off to enjoy my day!

THE REAL WIN OF THE DAY is that I resisted other trades as I'm journaling. I decided not to mess with my solid gains...that is a TILT trigger 🌪. Best move is to take my money and run!