*Month recap: Super slow month as the summer trading days continue. I’ve been sticking to the scalpers mentality in this painfully slow market. No real follow throughs and good dip buys have truly limited profits or any kind of confidence for that matter. My gain/loss analyzer has seen a massive dip in my average percentage gains, and a slight dip in my percentage win rate. I am just biding my time till the market picks back up again, making small gains and sticking with the “compounding” mindset. Good takeaway from August would be that a no trade day is a great way to reset your mindset and flip your momentum back in the right direction. Pushing toward that next goal of PDT!
“Get obsessed with who you need to be.” Thoughts will dictate your actions…
*Month recap : Another slow summer trading month in OTC land. For as shit as the market has been however, I have been able to find a few plays through all the chop and capitalize on what pops do come. This has truly been a scalpers market in my eyes, with no stock holding real strength through their breakout, granted there has been those select few outliers. I’m trying out Tradersync this month to hopefully step up my journaling game a bit. I did feel a slight surge of momentum yesterday to end the month off, so hopefully that’s a sign of things to come for the markets.
-“If you do tomorrow what you did today you will end up with what you have today tomorrow.”
Decent month that turned into a so so one due to my worst trade loss/day to date (-916). Still have yet to do a recap of that trade but will get on it soon. I'm trying the 7 day trial of Tradervue to track more in depth. Grabbed some screen shots of my journey this year so far to get an idea of the bigger picture and not get so down on that one trade.
Surprise surprise PATIENCE was yet again the name of the game today. I really don't know how to change my mindset to look for more of the big picture move. I'm past the frustration stage at this point....it's just dumbfoundedness, if that's even a word.
What a fucking day! What ended up being a great morning quickly turned into a shit rest of day, all due to one POS ticker! Still ending the day on the green side, but man, should have been a whole lot greener. Tip #1 - after 3 bullets stop trading the fucking ticker! that is all
I haven't had a day with this many lessons in a while. My first red day in about a month, albeit just slightly in the red, in the red never the less. 'THE BIG PICTURE' is what I need to get in my head if I ever want to level up! I can do this.....LETS GO!!!!
With the exception of maybe one ticker, today was pretty shit for OTCs. My weekend swing worked out well and scalps during the day made it a good Monday never the less. Not expecting the markets to pick up any, so I'll be keeping my size at a minimum for the time being.
Woke up late today as alarm didn't go off, only to find no internet. Ended up trading off of hot spot for an hour when I found listed stock flushing. Nice play on that and was fomo'd the rest of the day as I felt as though I wanted a lot more trading. Took OTC trade to fill my fomo only to pretty much break even. Ended up with an o/n swing on it as I feel it flushed to oversold territory just before close. This week has been tough for OTCs I felt. Hopefully next week it can perk up a bit.