I have a mental block with Fridays. It's irrational, that I know, but it's there none the less. For some reason I just don't seem to be able to book a positive session on a Friday. I always end up giving back a portion of the profits from the week and it's frustrating the f**k out of me!
This week was no different. I was confident going into Friday as I was 70 points up for the week so far despite not trading as well as I can, for multiple reasons, however, I was looking forward to it and I was ready. The market though had other ideas. The FTSE was is a choppy trading range for most of my session, as was the DAX at the beginning. I was patient though and waited, but...not patient enough. I ended up taking 5 trades, the last of which was shocking. I literally missed a move down on the 1 minute chart which I intended to scalp and emotionally reacted and out of nowhere took a trade. I had no plan, no stop in mind, nothing. Of course it moved against me almost immediately and I panic closed it for a loss of 6 points. As the kids would say 'WTF?"
Once the smoke had cleared and the dust had settled, half of my profit for the week had gone, as had my mindset, so I closed the broker and sought comfort in some crap food. However, it was still a profitable week so I shouldn't be that down on myself and as I write this, I know what needs work. I know that my thought's and feelings do not define me and that they are in fact arbitrary, and as such can be changed if I so desire.
So bring on this week I say, for I am ready, I am focussed and I am better than I was before.
Comments