- Peewee Paper Hands.
- Trading off 1m instead of 5m.
- Inappropriate trade style; Did not plan trade style.
- Did not familiarize yourself with price action & employ appropriate trade style accordingly.
- Did not ensure liquidity in contracts prior to trade.
- Did not protect 50% of profit.
- Chasing trade
- Followed external trade suggestion. Never do this.
- Failed to consider the the greater market context before entering trade.
Overview: Must become more comfortable with holding, and must eliminate trading off 1 minute, as too often it’s proven to shake me out & lead me to making emotional, rash decisions. Distilled notion that trade style & time horizon are crucial factors to consider before entering trades. Also, began to solidify notion that this truly is an individual pursuit. I must trust myself & my own analysis especially at the moment of the trade, it is toxic to follow some one else, even if it works out, it’s sewing the seeds of poor judgement & habits. You entered this field to be self reliant. Be self reliant in your trading. During study you may, and should, listen to others, digest other viewpoints and ideas, but at the moment of execution it should be only you and the market.
Mistakes | 8.10.2021 | Tuesday
- Peewee Paper Hands.
- Trading off 1m instead of 5m.
- Inappropriate trade style; Did not plan trade style.
- Did not familiarize yourself with price action & employ appropriate trade style accordingly.
- Did not ensure liquidity in contracts prior to trade.
- Did not protect 50% of profit.
- Chasing trade
- Followed external trade suggestion. Never do this.
Mistakes | 8.12.2021 | Thursday
- Failed to consider the the greater market context before entering trade.