Positive day.
I exited my last trade early and immediately regretted it despite the profit. At least, I'm getting positive/negative reinforcement feelings on my actions and not the PnL. Interesting is that this was a trade I wasn't thrilled about taking. The set up was there, order placed at my trigger point and moments later I was filled. Then got nervous and mucked it up.
The prior 3 trades were managed well and with no emotion. Not sure why that last trade was different.
This is one of the things about trading I love. The self-analysis and striving for better performance through control and letting go of self.
First, trade went positive then reversed quickly. In the past I would have likely exited this. Price came close to stop then went back up positive then again reversed sharply and moments later stopped out. Point here is my initial thought was I could have exited and saved myself a few ticks but then I realized that that past behavior of trying to save a few ticks overall has cost me more in missed profits. Letting price come to my stop was in accordance with plan and logically was proper thing to do. That was reassuring and then moved and refocused.
third trade 9 ticks slippage on entry. A new record. Usually a few ticks of slippage I've taken as a good sign of strength and this proved true again.
3 of 4 trades managed correctly today. 1 more day of trading.
I exited my last trade early and immediately regretted it despite the profit. At least, I'm getting positive/negative reinforcement feelings on my actions and not the PnL. Interesting is that this was a trade I wasn't thrilled about taking. The set up was there, order placed at my trigger point and moments later I was filled. Then got nervous and mucked it up.
The prior 3 trades were managed well and with no emotion. Not sure why that last trade was different.
This is one of the things about trading I love. The self-analysis and striving for better performance through control and letting go of self.
First, trade went positive then reversed quickly. In the past I would have likely exited this. Price came close to stop then went back up positive then again reversed sharply and moments later stopped out. Point here is my initial thought was I could have exited and saved myself a few ticks but then I realized that that past behavior of trying to save a few ticks overall has cost me more in missed profits. Letting price come to my stop was in accordance with plan and logically was proper thing to do. That was reassuring and then moved and refocused.
third trade 9 ticks slippage on entry. A new record. Usually a few ticks of slippage I've taken as a good sign of strength and this proved true again.
3 of 4 trades managed correctly today. 1 more day of trading.
