Tim Sykes is right. When I get in the habit of posting my trades I have to come up with an explanation, smart or stupid trade. This site really holds me accountable.
I am trading my best ever this year, I've held green for the year for a month which is big for me as a recovering degen gambler and learning the markets has been a much healthier outlet for my appetite for speculation.
I used to identify with my P/L and was so hard on myself for losing money in the markets. The reality is more lose much more than me every day and I should consider myself lucky that my tuition costs for getting better at trading haven't been too high.
Not getting too lucky in the great hype market of 2021 might be the best blessing in disguise for me. I've really had to reflect on my trading, good and bad, I have been humbled many times and I've celebrated my wins. I have a good "feel" for certain types of tickers but I just have to keep fixing my leaks and market open is one of the biggest ones.
Maybe I punt OTCs first 30-60 minutes and then look at the big caps once a little bit of direction has been established. Yeah I'll miss out on winners but the risks of having a lot of bullets at market open have usually left me crippled. This might be the one leak holding me back career wise in terms of P/L and I know I'm going to make good money trading when I'm ready.
Not crying over spilt milk, I'm still green for the year (I consider myself lucky especially given today's trades) and I'm going to continue to be grateful for being able to trade every day because it is seriously my biggest personal passion right now.
Let's keep grinding it up and making some money. No risky trades unless it feels like I "have" to take it and there's an appropriate R/R.
Like fuck, I think about the markets all the time and I am getting better at trading. Just have to show it in my results more. I think big things are coming for me this year. And if they're not there's always next year. There's always more trades and more opportunities to make money and it only takes a couple of really amazing trades to get out of this career deficit from mind you, less than 2 years in the markets.
Gonna keep studying, relaxing a bit this weekend and approach the markets again on Monday with more humility and a healthy level of fear with certain entries. My gambler DNA can handle the losses but I want to avoid big ones anyways because I'm here to make money not to entertain myself (although trading is highly entertaining for me).
Have a great weekend everyone and let's run it up Monday!
Join now or log in to leave a comment