Accountability and Journal - Day 4
Finished the day up 7R, with 1 win and 3 break-evens. There were a lot of lessons to be learned from today, but I am really proud of myself for sticking to good risk management and reading the market really well. Writing these reviews make me hyper-aware of bad trading behaviors and I rein myself in a lot more. There was a point that I could have easily tilted after giving back 5R in a trade, and misplaying the rebuy opportunity, but I reminded myself that there was no opportunity anymore and I simply took a break and walked away from the screens. When I came back there was a great opportunity and I was able to be really aggressive because I managed my risk well at the start of the day.
The good:
- Proud for that I didn't chase any moves for the most part.
- Really strong technical analysis and level picking today.
- Better capacity to be with the charts and maintain composure compared to yesterday.
- Didn't tilt and just accepted that I misplayed the earlier opportunities.
The bad:
- Moving to breakeven too early.
- Not moving my stops to reasonable places due to fear.
- Still get frazzled after trades, win or lose, and I miss being ready to take advantage of good opportunities.
Overall:
Really happy with another day of great technical analysis and risk management. One of my fears was that I stopped analyzing charts as well as I used to and these past two days, I am rebuilding my confidence to be able to be in tune with the market again. Again, knowing when not to trade and being ok with missing opportunities and there not being any at all is a new skill for me and one that I need to keep at the fore-front, until it gets internalized.
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Accountability and Journal - Day 4
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