Trading Week 6/8/20-6/12/20
M 3W/1L +$169
T 0W/3L -$29
W 2W/1L +$63
F 2W/4L -$114
This week started off great on Monday. I had a bumpy Tuesday, but I minimized losses. Wednesday was decent. Thursday I did not trade. Friday was awful and I completely overtraded. Friday was ONE DAY and I let that destroy my week of gains. I need to remember that I have to wait for the patterns to come to me. I was very excited that my trading balance was all cleared since I did not trade Thursday and that was what hurt me. I got too wager and wanted to trade, inevitably leading me to force trades. It would have been a decent day IF I didn't take the last trade on Friday for a nearly $70 loss. That was my biggest mistake since I was eager to dip buy a panic after news which essentially made me catch a falling knife. I was lucky to have gotten an exit prior to the halt or I would have been down double what I was.
Overall, I'm learning but there are clearly basic things I need to work on.
2. Cutting losses quickly
3. Trade like a retired trader & a sniper
I was still green on the week, which proves money can be made even with enormous mistakes, but to really profit I need to take care of these things. On to the next week!