Something's about to change...
Received 1 Karma
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.
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CippoNK1K Sep 30, 21 10:45 PM
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!
MrPraodfait Oct 01, 21 7:37 AM
@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.""
MrPraodfait Oct 01, 21 7:38 AM
@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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Putting myself in a timeout again. It's not my day
Broke my rules and failed to keep the goals I made for myself just last week. So I'm taking myself out today. No trades until tomorrow. Act like a child, get treated like a child
Goal for September: To not have a single loss over $300, and to not let a single day's losses be over $1,000 in order to prevent my over trading and revenge trading from getting out of hand. If I plan on sizing up when the market gets hot again, I need to be master of my losses
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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