yeah it bugs the shit out of me
but I 'm trying to let go.
its inexcusable my moving a target.
been reviewing in my head all day.
on one hand I think Ok 1 bad day -27, but you 'ge been doing well so no worries. the other hand is Jesus man we just had this conversation about targets.
believe me I'm trying to get myself out of the process
As it rightfully should bug the shit out of you
No plan = easy to move the target
With a plan = impossible to move the target (unless it part of the plan..., or..., you purposely break the plan)
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And now - my soapbox
Trading is strictly pay for performance
Traders get paid solely for our performance
One’s PnL…, after a given trade…, or at the EOD…,
is not our performance…,
nor indicative of our performance – ** unless there is a moderate…, to significant – loss
Nor…, can a trader judge…, their performance …, for that day…, from their PnL
** IMPORTANT FACT;
If a trader performs correctly – unless some SHTF (act of God) incident occurs – moderate to significant losses should never occur
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How one…, conducts one’s self…, throughout the day…, while trading – is one’s performance
How precisely…, and exacting…, one follows the routine(s) (uhh trade plans) – throughout the day.., while trading – is one’s performance
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Mistakes you are making – and have been for quite sometime
Not following the damn routine(s)
Hell…, not even creating the routine(s) (trading plan for each trade / then following said trading plan…, to the letter – to fruition)
Trying to let go of the wrong thing – your performance
Not owning your performance in the first place
Equating how you performed – to the EOD PnL (this is a form of trading one’s PnL…., and absolutely no form of trading one’s PnL is ever beneficial)
Admittedly maybe I fucked up…, and fucked you up – when I showed you mine
If so – I am sorry
Now..., we must get you past this
Get past the money…, and focus solely on doing your job
Own..., doing your job correctly (as a trader that is all we have – that is all we are)
Own it…, become it – only then can / will you do it (perform correctly)
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You equate (27) – to 1 bad day
You had a series of bad days (of not performing properly)
Problem is…, you’ve been randomly getting paid for your suck ass performance
Then equating (interpreting) those positive pay days – as;
HEY…, I’ve done a good job (performed correctly…, and well)
You haven’t
The axiom;
Trade well – win…, lose…, or draw
aka
Trade well (perform correctly) – fuck the results (the resulting PnL)
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You want to be a trader / You want to break the cycle
Start being 100% accountable to yourself
Start owning 100% of your actions (performance) when trading
Start being 100% accountable for YOUR performance (actions)
Stop focusing on the results (the PnL)
Stop equating your performance to the resulting PnL
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How we act (perform) – while trading – defines us absolutely - as a trader
Whatever resulting PnL – is simply a byproduct – of how we performed
Trading is strictly – pay for performance
PnL is not..., nor can it ever be..., a gauge – of one’s performance
We have no control / nor influence – whether any given trade results in a winner…, or a loser
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Now…, get yer head out of your PnL’s ass
Get focused solely on how you perform each day / each trade
Own…, and become accountable for – your performance – each day…, each trade
Start performing properly;
* follow the routine(s)
* make a plan for each trade
* follow the damn thing – to the letter..., until exiting
Only way this hideous cycle you’re in currently - ceases
Only way you become a trader
Only way consistency is achieved
The only way
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And never try to let go of YOUR performance
The resulting PnL – yes..., let go of that (we have no control / nor influence whether any given trade wins…, or loses)
But we have total control…, over how we act (perform)…, each and every day…, each and every trade
Never…, ever – let go of that
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Yup..., this post is quite redundant – because;
I am attempting to drive a point home…, and drill it into your head
Start acting (performing) like a fucking trader
Laying down and rolling over - ain’t it (the “oh well”)
Start owning your performance (actions) – every day – every trade
Stop equating good trading with whatever resultant PnL (the two are mutually exclusive)
Let go the money aspect
Grab onto…, and tightly hold yourself accountable for – how you conduct yourself – during each and every trade
RN
