Well, 3 and half pointers because that's what I made this week. However, I am grateful for that considering how the week started. Monday was a Bank Holiday due to the Kings Coronation so I wrongly assumed the DAX would be closed. When I woke up though and realised it wasn't, I decided to trade. This turned out to be a horrible decision. Not only was it choppy and in a crappy trading range but I made mistake after mistake. I FOMO'd much too late into a trade on the 1 minute chart, I hesitated and missed entries, I didn't use my exit strategy. It was shocking. It didn't help either that the market was much more suited to scalping. Tuesday wasn't much better either. I closed a trade to save 3 points (it was only 3 points away from my stop), only to watch it then take off in my direction. I over traded due to prematurely closing positions, then getting back in. Over those 2 days I lost 52 points. But, I managed to turn it around in the next two days, and in doing so highlighted an issue I was aware of, but was in denial of. The fear of giving back profit. I would make say, 12 points, but then hesitate on the next trade, or stop trading prematurely, or emotionally close a trade at the slightest hint of resistance. I would then justify these decisions with basically, nonsense. Thursday for example, I had a FTSE trade which I snap closed as soon as it stuttered in its movement, resulting in just one point, only to then watch it continue its march on down where I could've had 15 points, in fact I could've added to my position.
I am not sure exactly how to work on this, other than to be mindful of my propensity to do it and to actually speak to myself out loud when I am in a trade and to remind myself that this is trading. Winning and losing go hand in hand. Trade to trade well, take the signals when they come and use my strategy, not my emotions to guide my decisions.
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