thoughts:
4th trade I bought the dip expecting a short return to near highs. 5th trade I expected a strong selloff (mostly intuition) was also probably not the best trade (not really sure why I shorted, but I did and I will accept that something in my brain told me to). Both were losing trades and since I haven't traded in a while it still affects my mental but I will keep note of the feeling. With a lot lower risk it is easier to manage the aspect of losses. Before I had serious mental strain from having too much size.
I always have the urge to be in control. It is interesting because I do think the market has some randomness, but at the same time it cannot fully be. The execution algorithms or buyers/sellers however you want to name them are also controlled by humans.
In a sense we must front run to make money. If you bet directionally that is. So wanting to lock-in profits or not is really about control(will the selloff or buyup end? etc. etc.). Today I just set my trades and left the room. I accepted the fate of the trade which helped me deal with my random bouts of doubt I had yesterday. But that is not to say I did not have them.
I started to wonder what is it that makes me see a setup intraday and makes me go place a trade. Honestly I must be trading on mostly discretion with a few rules in place but I will probably work on developing a few set-ups/plays that I can always play towards. For now I know a few but a lot of it is still really intuition. Gotta get back to doing stats to have more confidence in myself and my setups.
4th trade I bought the dip expecting a short return to near highs. 5th trade I expected a strong selloff (mostly intuition) was also probably not the best trade (not really sure why I shorted, but I did and I will accept that something in my brain told me to). Both were losing trades and since I haven't traded in a while it still affects my mental but I will keep note of the feeling. With a lot lower risk it is easier to manage the aspect of losses. Before I had serious mental strain from having too much size.
I always have the urge to be in control. It is interesting because I do think the market has some randomness, but at the same time it cannot fully be. The execution algorithms or buyers/sellers however you want to name them are also controlled by humans.
In a sense we must front run to make money. If you bet directionally that is. So wanting to lock-in profits or not is really about control(will the selloff or buyup end? etc. etc.). Today I just set my trades and left the room. I accepted the fate of the trade which helped me deal with my random bouts of doubt I had yesterday. But that is not to say I did not have them.
I started to wonder what is it that makes me see a setup intraday and makes me go place a trade. Honestly I must be trading on mostly discretion with a few rules in place but I will probably work on developing a few set-ups/plays that I can always play towards. For now I know a few but a lot of it is still really intuition. Gotta get back to doing stats to have more confidence in myself and my setups.
) looked at a lot of charts yesterday (did some stats will do more overtime). The plan aligns with how I have traded recently as well. So it isn't so different I just tried to improve my play opportunities to something more observable instead of discretion. Might increases trade per day amount a bit but will adapt as I get more info.