I had an A-MA-ZING trading day today. Made back yesterday's loss and much more. Thrilled from this huge account up day. Maybe I should make a withdrawal from my account, even though I'm not yet to the balance where I thought I might start doing that.
I've been thinking a lot about my trades yesterday. Today's setups were +/- the same. The market was/is inside. Yesterday it didn't work. Today it did. That's not the root of my pondering, though. It's how I psychologically handle losses....
I know I am prone to tilting and I have build a lot of hard and soft rules around myself to try to staunch that, ex: trading in a cash account, trading just the open
I "simply" had 3 losing trades in a row (rule to stop there), but it added up to a surprising loss, and that threw me. Am I always that exposed? Am I usually lucky (skilled?) that it doesn't burn me like that every day? Can I really handle the size I trade with? Why didn't I use tighter stops...
On the other hand, in one really good day/today, I made it back and much more.
So, is yesterday just what I should consider a "normal max loss" day? I don't think I've had a normal max loss day for a while. Usually a max loss day is because I'm trading foolishly. New trading pod is helping me stay on my toes.
I think I just need to keep trading small for a while. Stay sane. Trade like clockwork!
