Recent Performance
by Tony on Nov.12, 2009, under The Gooch
I was in a bit of a slump with negative results on Friday and basically breakeven on Monday and Tuesday. After trading yesterday I journaled all my positives and negatives and noted all the trades that shouldn’t have been executed. It was remarkable because all the losing trades did not fit my trade criteria while all the winning trades did. Often times, one bad day leads to hesitance which results in missed opportunities and higher anxiety. I realized that after a negative day, I was hesitant to take trades that fit my criteria, I was too eager to get out of profitable trades and I didn’t use appropriate size for good trades. This is why it is so crucial to have rules and trading criteria– it prevents you from missing opportunities and chasing trades that are not there. Focusing on the process- not P&L- always leads to consistent juicy P&L. Today, I followed my system and took all mandatory trades, however I did find myself taking a couple of trades that did not fit my criteria with small size, and you know what happened? I got stopped out.
I am done trading for today and am happy to see that today’s trading profits exceeed all my losses from Friday and Wed. I am now ready to bank some coin.
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It was remarkable because all the losing trades did not fit my trade criteria while […….
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