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:
- Slow down-there will never be a shortage of plays. I don’t need to be in everything.
- 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!