Ahhh dear. This week started strongly and was then basically undone in the last two days. I'd gone from being 50+ points up on Wednesday and anticipating the possibility of my first 100 point week, to finishing up with just 12 points come Friday. Now the fact that I am in profit for the week is not lost on me and I am genuinely grateful for that, and I try not to have regret or remorse, certainly not when actively trading anyway, but it is hard not to when you review and reflect on what could've been.
So what did I do that I wasn't happy about? I missed opportunities to FTS (flip the switch) when in hindsight they were clearly visible. For example, entering a trade short, watching it move against me and then instead of closing the trade manually when it went above the high of my entry candle, and taking a new trade in this opposite direction, I just watched as it stopped me out.
I took trades in times of erratic volatility when I maybe shouldn't have, and instead, should've sat still and continued to just observe the market and wait. And the classic of which I am continually guilty, closing a trade too early instead of using my strategy.
But, as is said 'Every cloud has a silver lining.', so what did I do this week that I am happy/ proud of?
When I look back through my trade diary and read my reviews of the individual days there is plenty. For example, I added to trades. They may have turned out to not be profitable adds, but it is in the application of the process that I am truly concerned with, not the outcome. To add to a trade is not something that many can attest to. In fact I believe it is something that a vast majority of the 90% don't even consider as a possibility. Moving my stop losses to breakeven and closing a trade using my exit strategy. Sure, this didn't happen on every trade (re: my comment above), but it happened on occasion so I know that this seed is growing and that one day it will bloom. I realised and accepted that winning every day was not a realistic consideration and so when I eventually had a negative day (Thursday) I fully accepted it and didn't chase.
So as you can see there's plenty for me to be happy about, and let's not forget, this was another profitable week. How can I possibly justify being unhappy at that?
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