Daily Recap - Yet another bad red day for my account. Overtrading, forcing trades, chasing alerts, chasing strength. A lot of fomo today as well, I'm thinking is the culprit for a lot of my stupid trades on top of revenge trading.
Okay so.... now I can definitely see that all my stupid trades are trade alerts from other traders that are not clear midday trend reversals or a clear setup for a breakout. As much as I feel I need to wake up early and prepare for the day I can not trust myself to NOT TRADE when I shouldn't be... which is in the morning mostly. If I avoid being around in the morning I can remove a lot of little losses and temptation trying to catch a morning spike or dip buy. I will also really pay attention to alerts, if they are not for my 2 strategies that I am most profitable with then I will disregard them, ignore them, throw them in the garbage, forget about them, pretend I never saw them, erase them from my head. It does not matter if it looks like I'm going to miss out. 9 times out of 10 I lose on those. My focus is on my strengths. No trading tomorrow morning and no chasing. Which means I should only make 1 to 4 trades total tomorrow.