Today I close my worst month ever. First red month since May 2019, broke a ton of rules, my timing was almost ALWAYS off by a minute, on longer term trades I was off by a day, I did not achieve my two main goals pertaining to risk management, and I allowed myself to be consumed mentally and emotionally. October will be different because I will be different. No matter how bad the market is, I will be master of myself. Because I must.
I appreciate your honesty and as a new trader I also had my worst month as well. At least you’re aware of your challenges.. I’ve just lost all of my confidence. Tomorrow’s a new month! Wishing you the best!
@CippoNK1K Thank you! But don't be discouraged. Your confidence shouldn't come from profits or from being right all the time, it should come from mastering yourself. Or as Brett Steenbarger would put it in The Daily Trading Coach: "Self-confidence is not cockiness, nor is it viewing the world through rose-colored glasses. It's a quiet sense of, "I've been here; I can handle this.""
@CippoNK1K You've been though your worst month ever, and you're okay, what lessons are you taking away from it and how will it make you better?
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Please retweet this https://tim.ly/2EBMIEy ONLY if you've read the http://tim.ly/jbook book and it was useful fro you! Planning a new strategy book for 2020 so this is basically a pool, whatcha think?!
This book was the reason I decided to join the challenge last month. I really like the way it explains the training in a condensed versio although it is NOT a substitute for the extensive challenge library. I'm reading it again after being in the challenge for just a month. Extremely helpful for me.
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@tjwillert just became a fully transparent trader today!
Great lesson, thanks Kyle
Thanks you for sharing Kyle!
Very Cool Kyle Peace Out To know thySelf
March in like a lion and out like a lamb! You inspired me to post my dismal March summary as well. Too painful to post individual trades. Cheers to a new quarter!
You're killing it in 2022! That's so awesome! Perhaps March wasn't great for you but good job minimizing the losses
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