Lets agree on one thing if been a professional trader is a an easy profession, You would have everyone doing it and making millions in their pajamas. Some days you are the hammer and other days you are the nail. Today I had an expense day and would like to discuss some of the factors that lead to the performance.
Out of 15 trades made today 2 of them were actually a signal and 13 are non-signal. The net result with commission- $-230. Now the amount of expense money not bad at all but what bothers me is trading outside my system.
Some of the highlights of today
1- Felt tired and distracted and overall run down- coming down with the a stomach bug.
2- Market did not generate any signals during the morning session. I got restless and took sub par set ups. lead to a quick 2 stop outs.
3- I got stubborn and continued to take sub par set ups and the losses accumulated to $-630.
4- I took a break came back and looked for premium harmony trades and cut my losses to only -$230.
Lessons learned today:
A-The result of one day or one week does not matter. AS LONG AS you are following your system.
B-My edge leads to profits over time so be patient. If one day the markets is not providing any signals do not compromise and take Sub standard setups. ONLY TAKE harmony trades.
C-Do not look at your P/L as this will lead you to act emotionally to the market.
What will I do next trading session:
1-Focus on making the next 10 trades a well managed Harmony Trades.
2-At the end of the 10 trades reward myself .Reward will be determined later.
3-Work out and meditate to reduce stress .
No comments:
Post a Comment