As you see, I am soo not sugar coating the trading process for you. Today is one of those days when I really just want to quit.
So I cried for hours on end due to my BAD DECISIONS which always costs me copious amounts of money.
Feel completely dejected.
Then jump up and ask myself – What else do I want to do?
That’s when I realize, there really isn’t much else I have any interest in doing.
So what does any rational person do who has lost way too much money already?
I know. I am a masochist. But as I’ve mentioned earlier in my other recaps, trading is MY GREATEST TEACHER.
And what happened today once again had little to do with the actual trading process but more of me:
You’re wondering – why the hell is this chick still doing it?
It’s simple, if I don’t develop these four things in my life, I will never succeed in anything at all.
So what happened today?
It’s hard to say. I started off kind of ok, but didn’t stick to my 4 tick goal, yet I let some of my trades get stopped out for 5 ticks.
But then I took a trade that had nothing at all to do with my plan. I mean, I’ve barely even backtested it to see if it works. And for some stupid, incredulous reason I broke the #1 and #2 rule:
Instead I pushed my stop loss to over 4 points – 16 ticks. $400 per contract.
And of course when you want the market to go in your favor, it does the exact opposite. And it should. Cause it’s not a guessing game. It’s being disciplined.
And the universe is teaching me over and over again to get some discipline and get it quick before I empty my entire life savings and stop hurting myself and my family.
Enough with the moaning and groaning.
What am I planning on doing about it?
I am going back to sim trading, but this time I have realized some of my issues:
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