Almost couldn't find my thread, I just noticed so many people starting their own journals of the path to success and wealth and ocean-front houses (watch out for tsunami).
Anyway, frustrating 4 days.
Monday: one scratched trade, made $8. I put in a stop, but it didn't trigger, after a few minutes, the loser came back to breakeven. Isn't that what I secretly wanted? But that incident threw me off, so I called the broker and asked why. The customer service rep didn't give me any useful information. So I spent the rest of the day re-writing my method sans stop.
Sometime during the afternoon of the same day or maybe in the evening on a demo account, the new method didn't pass the test. So I reversed back to the previous method. I had to remind myself that anything different from the previous method will kill me.
Tuesday: one scratched trade, made $8. Nothing to complain, the trade just didn't develop. I didn't get any setup later one, so I called it a day.
Wednesday: The same thing happened: the stop didn't trigger. Again the loser came back to breakeven, so I exited with $8. Whenever you see $8 dollar gain, that is probably a bad trade.
I waited a little while in the morning, nothing happened (I short only, I don't go long, that's my bias, and there is nothing wrong with it). So I shut down the platform and called the broker and asked why the stop was not triggered. This time I got something useful, he said a stop will only be triggered during the regular hours. My order was before the market hours. Yes, that pit open half hour is considered AH by this broker.
Thursday: no setup in my time frame, no trade. I took off to get a license. The mid-day drop was nice, but I wasn't there (Did I mention I short only, never long?). But if one was there to catch it, he would have to suffer many losers before that. That is something we have to understand and accept, if you know what I mean.
Friday: I know it hasn't started yet, but I can tell you what I am going to do. Go and get the license early, so no trade tomorrow. What happened at DMV this afternoon? Well, a bunch of lazy government employees supported by tax money very happily went off to an extended lunch break (2-3 hours). I waited from 1pm to 2pm, only one window was manned, the other four windows were empty. Dozens of people were waiting and I saw no chance of me getting it done in time (I had to take a test), so I left. These government offices must be privatised to increase efficiency and save tax money. ok, I digressed.
Back to trading, for some time yesterday, I thought greed was bad, again. So I devised a method considering greed and fear as bad things. This method, like many versions before, requires me to do something. Well, one simple demo trade in the evening showed me that it was just impossible. I forget how many times I told myself that it wouldn't work, but I keep forgetting my own warning. Well, the very fact that I choose to forget is a symptom of the problem, if you know what I mean.
Right now, it's not final. I know it has to be final, but I don't want it to be final, am I trying to avoid something?
