The Open was quite busy and it didn't allow me to record my journal as I was trading, and then I just didn't felt like it. Immediately at the Open, I fell to -$500.... and then 6... and then 7... and it got worst. David made a comment at our review session about how well I trade mostly when I'm down. "What was going on in your mind at that moment?" I told him, "I thought I was going to get fired." We both had our chuckles but there is some... a lot of truth in what I said. I can't have my career cut short - not when I'm beginning to put the pieces together. With that said, I need to take every opportunity the market gives me to work. That doesn't mean I have to trade the Open only - it means that I need to trade anytime a setup appears in front of me. It means I need to keep looking for them. It means when I'm at work, I need to work.
Here's a check list of the things I need to keep in touch with going forward:
- I am looking for setups in In-Play stocks that presents a 5:1 r/r situation.
- I must be able to identify the level which I'm trying to buy/sell in.
- I need to always document my trading fully. It's the best way to improve.
- It's okay to take a walk every afternoon for a short break and some air.
- Set alerts at important prices. Get used to it.
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2 comments to "I thought to myself, "I'm going to get fired.""
RickH says:
so if there is a consistent pattern of being in the hole at the open, how about not trading the open? or changing your edge during the open... just thinking out loud. rick
Anonymous says:
Agreed! thanks Rick for giving me feedback. I'll keep updating daily and will keep getting better.