This week continued on from last week and the gain train was roaring along nicely, right up until Wednesday. Up until then I was 88 points up from Monday and Tuesday and looking forward to booking another amazing week. But, the market had other ideas. I'm partly joking about the market because I am well aware that having only 1 losing trade in 7 days is not sustainable nor a realistic representation of trading, unless of course you try and scalp and immediately that you find yourself in profit on the trade, you close it and call it day. But that is not how I trade. Wednesday we basically gave it all back. Well, 65 points of it. And then Thursday and Friday the market was very difficult to trade as there didn't seem to be a lot of momentum or volume (I don't measure this metric nor have it as an indicator) and for the times I traded it was tough going. I rounded the week off 20 points to the good give or take, so a winning week it was.
The best part about this week however was my trading. Not the results, but the application of discipline in following my strategy even when things were going against me and I had basically given back all my gains. Day after day I stuck to it. I considered scalping some profits sure, because like I say "My goal when I trade is to make points, but I don't have to make ALL the points." but my goal above even this is to stick to my strategy trade after trade and not deviate or allow emotion to influence my decision making, and that is what I did. It felt so good to review my 'actual' trades and compare them to my 'could've' trades and see only the odd point in deviation. That is what trading is all about.
Roll on next week because I already fully accept that whatever happens happens. The only thing I need to focus on is the consistent application of discipline.
The rest, well, that will take care of itself.
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