My analysis was correct on SPY but I didn’t have conviction & I made the—what can be in some cases, but wasn’t today—fatal mistake of trying to make back loses, & trading around in chop, which I could have and did identify as such. I was flat at multiple points in the day, even up at one point, but I was greedy, kept trading, traded sheepishly, and thus gave back what should have been a small green day. Trading sheepishly is dangerous because its excessively likely to end in losses (especially in shop) since you keep stops too tight, then cascades into trading aggressively on the wrong side of things trying to play catchup. Be grateful you didn’t lose more. Learn to walk away. You were at .77 & told yourself, ‘let me just get to $1’. This type of thinking should be a blaring warning sign that you need to trade with exceeding caution, or better yet, just walk the fuck away.
You did do well today in keeping an open tab of your total P&L. The tradezella bullshit not uploading or uploading incorrectly has, no doubt, compromised your mental note of your monthly P&L, so, while the kinks are working themselves out, you need to keep a loose track of your own. You hoped to rely on it, but don’t for the time being.
At least today—your first loss day in over a month—you didn’t let it get ridiculously out of control, though it did go further than it should of. Remember this feeling, the feeling of trading like shit feels worse than losing. Tell yourself this story & next time step away when you’re flat—if you have the exorbitant privilege of being flat. You need to learn to lose with more grace.