Earlier this year, I was fortunate enough to start a new career after graduating in 2020. Due to this, I took a lot of focus off of trading at the end of February. I only made one trade in March and a few in April but have started to focus back coming into May.
From what I have noticed coming back, I have been very inconsistent in creating a plan, watchlists, and watching the markets in current time. A few things I tried recently were swinging more but reviewing back on those trades, I am not sticking to my strict $20 SL that I once had and will have losses that equal my wins.
Moving forward, I will be reducing my size for the next few weeks until I find consistency in my process again. I will be having a $5, or less, SL so that I am not focused on the money at all but will get back into creating the process I was at when I was having a strong start to the year. With this smaller size, it will also help to pull back the throttle with these slower market times.
Below are my monthly P&L recaps while away,
March: $0.95
April: $9.53
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