Trading Disaster, Holistically Born
Lately, I’ve experienced a lapse in discipline over all areas of my life.
I’m sleeping in.
I’m not working out like usual.
My diet is suffering.
I haven’t been reviewing my weekly, monthly, and quarterly goals.
I haven’t been reading The Daily Trading Coach and meditating before the trading session begins.
Honestly, I haven’t been studying as much as I should.
Not Sykes. Not Bohen. Not Gritanni. Not Dek.
Fallout is a least partially to blame.
My girlfriend left her XBOX here and I asked her to bring over New Vegas.
Wait. That’s wrong.
I am wholly responsible for myself.
I am 100% to blame.
I’m not sure where the crack started.
I think it started before Fallout.
I had some really bad digestive issues a few weeks back.
When I couldn’t solve the problem on my own, I went to urgent care.
They could neither identify, nor solve the problem.
So I started eating everything.
Whatever I could to fix the problem.
Re-introduce bread. Didn’t work.
More fiber! Nothing.
No dairy at all! Nothing.
Ice cream! Solved.
Thus began my foray out of ketosis and back into the world of carbs.
I didn’t feel great about it.
French fries. Ice cream. The rare bun on a burger (I have a gluten intolerance.)
I’ve been keeping my weight manageable with longer walks.
Brief morning exercises.
But I notice my muscles atrophy and that affects me.
My meditation routine waned. My progress on Tom Bilyeu’s reading list waned.
I’ve been watching, horrified, as my image for my life slips out of my grasp.
Everything You Do Affects Everything You Do.
This is not a complaint. I’m not here to gripe or whine.
All of this is my responsibility.
Today, I overtraded.
I overslept and overtraded.
I was eyeing BLNK at 2.86 on Friday – I didn’t get filled because afterhours. It was number one on my watch and I missed it because, among all of my other bad habits, I went to bed late last night and overslept this morning.
In part, this spurred my conviction on other plays.
I was right.
But it also put a chip on my shoulder.
I missed it.
This combination of right decision and bad practices led me to make rapid fire decisions today over and over, akin to gambling. Let’s look at them.
I was right the first time, god help me.
This pump had a sharp drop and bounced. I caught the turn around and sold near the high.
Knowing it was a bounce, and feeling proud that I hit the ground running, I was determined to catch the next spike. Hella shares on the bid. Higher lows. I got back in. It failed when it couldn’t touch 1.30 again. Stopped me out and bounced.
Surely this is the bottom, I thought, and got back in.
It was not the bottom. It dumped. See how it went from 1.25 down to 1.06?
I was on that ride.
With scrap left to lose and a chip on my shoulder, I decided to turn my sights back to my original target. Blink Charging. You son of a bitch. New 52 week highs without me? Hot sector. Right down near support. A beautiful breakout.
Under VWAP. Under the 50 sma. Volume dry.
But at support. Low risk, high reward. If it could get going again.
I took it. You know, I wasn’t the only one with that idea. I sat through not one, but two VWAP fails. I was up 20 dollars twice before it dumped on me. On us.
But it wasn’t my pattern. My pattern is a multi-day breakout. My pattern says that
after the stock runs,
it consolidates for a day or more,
puts in higher lows,
and tries again to break the high of the spike.
I usually get in nearer to new support than to resistance, and risk of recent lower highs.
Nah. Here I just got in at support on the first green day.
Serves me right for breaking my rules – and for being greedy.
I knew when VWAP failed the second time, lower highs, that it wasn’t going anywhere today.
Of course, I expected support to hold. That’s the kind of play I can be patient with
when it fits my pattern.
I was done. Definitely done for the day.
Or was I?
Coming up on two o clock. Still no breakfast. Haven’t walked the dog yet.
Solo is an EV play above the VWAP with massive volume.
VWAP hold play.
I get in, risk off the higher lows, and it dumps on me.
Still above the VWAP.
I get back in. Risk off the VWAP – it was a better entry, at least.
Place my stop and walk the dog.
Burn the bacon watching SOLO pop, taking half at a time at hod.
I knew it could be higher, but after a day of losses, it’s so hard to be patient.
What if it turns around?
Like the others?
So now I’m very slightly green on the day.
If my discipline was intact, I’d be very much so green on the day.
What to do?
I’m taking this afternoon to rebuild my vision for myself and for my life.
With clarity of purpose and actionable steps, I believe I’ll be inspired and motivated to clamber back from this odd pit. One step at a time.
I’ll give myself a ladder to climb and trust myself to it.
One must be gentle with oneself.
If we were all perfect, born that way and ever consistently perfect, how boring would life be?