The key to this game once you understand it, is to freaking have the self control to do what needs to be done. From now on I am going to start tracking each day/trade I stick to, or break my rules. It is going into the spreadsheet and I am going to get a percentage score for the day.
It has been a week market in small caps the last week or so and I new that going into today. Something set up wonderfully and I did not take the trade my gut told me to take, and then it just kept going higher, squeezing out shorts. I lost $150 on the stock today, thankfully because I was trading smaller size, but damn... I was reading the stock pretty well and got stubborn at the end. I kept exiting positions too quickly only to have them ramp up literally seconds after I got out, which of course frustrated me as time kept moving and I kept doing it.
Then when I noticed the market was probably finished going higher, I wanted to make the money back and I kept trying. Even my very last position would have gotten me a profit on the day, but I bailed quickly. I need to get my head on straight. Here's my recap from last month. As you can see, not a lot of trading days happened for me, and only 2 the month before!
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