Adjusting the process

What a week of insane moves! As I reflect and analyze my trades from the prior week, my biggest realization is that I need to SLOW down.  Seriously, this is how I looked last week:

I realize that it was simply because of FOMO.  THE WORST!!  There were so many plays that I couldn’t believe the opportunity.  Quite frankly, I am amazed I ended the week green but pretty embarrassed at the money I lost and left on the table because I was pushing too hard.

After the close on Friday I was chatting with another trader in the IU chatroom, reflecting upon my performance for the week.  He reminded me of some important tips that, while I know them very well, just honestly lost in some moments this week.  Discipline truly does mean freedom and remembering this as well as patience has gotten me to where I am today, and it will keep me in this amazing world of the markets.

The plan for this week is the following:

  1. Slow down-there will never be a shortage of plays.  I don’t need to be in everything.
  2.  Wait for my setup.  I have proven myself to be very successful at recognizing particular movements, there is no need to anticipate moves, I will wait for the ticker to signal to me the moves.

I am excited for the week!

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