So, this weekend I went to my favorite quiet beach and had a serious talk with myself. You know the kind of talk that I mean? I have had an incredible first 5 months as an independent trader, it has far exceeded what I had expected or hoped for but last week I seriously felt like a maniac trading. I feel blessed I ended solidly green but felt so trashed and beat up as if I had ended red. The opportunities and ranges this market is giving is incredible, however at the end of the day what has gotten me to where I am is trading less quantity and more quality. Continue reading “Day One”
Me on Monday. I had a streak of 4 weeks of GREEN days and fell flat on my face on Monday. So, what went wrong? Pretty simple explanation:
I IGNORED MY RULES.
Silly, really. Two big rules that, when ignored, will slap you upside the head every time a trader tries to think they are better than them.
- Fighting trend above VWAP
- Starting said position with too big of size
While it definitely didn’t make my day, I walked away from my computer ok with a little humbling. I know that it is extremely rare for traders to be green every day and knowing that, I am very proud of my performance in the past month. Additionally, I think this was a good little slap to make sure I am not becoming complacent.
“Comfort breeds Complacency”
Happy to say I bounced back in a major way on Tuesday and had a killer day today with VRTX. What a fade! I started in on this in pre-market and stayed until 3pm. Unreal $10/share! Really happy with how I traded this one. I was adding/taking profits….snoozing because this bled the slowest I have ever seen. Really wanted to see massive panic for whatever reason…but I am not going to complain over this move. It is high on my watchlist tomorrow morning, I hope it opens slightly higher for a continued fade, ideally with some panic this go around.
Well, disappointing that it has been nearly a month since my last post! New goal to check in at least twice a week with my thoughts (putting it on my calendar so it happens!)
Continue reading “The power of consistency”
What an unreal last week and first month as a full time trader:
Continue reading “March Recap and looking ahead”
While in the IU chat room today, a biotech stock started going wild. Nate’s comment to the action made me shove away from my computer and just watch the action. The stock ripped up a buck and promptly stuffed for $2. Nate’s simple comment was “..yikes. No edge there”.
Continue reading “What’s your edge?”
Closed out the week with an incredible 25% gain, largely due to the following plays:
Continue reading “Weekly recap and this week’s plan”
Shew, what a week! Actually, what a last FEW weeks it has been for me: Regardless of how long you have been trading, it is always a learning process about the markets (and most importantly) understanding yourself as a trader. Here is where I am standing MTD:
S&P performance MTD: up 1.32%
My performance MTD: up 16%
Continue reading “Progress”
It is always intriguing to me when I read about lifestyles of successful people and the power of habits in their life. One of my favorites right now is Melissa Hartwig, co-founder of Whole30. She will occasionally speak to her daily routine and just simply explains in her always unabashed, unapologetic manner “because routine”.
Continue reading “No hurry no pause”
I am convinced every trader you speak to, when asked, will admit to some idiosyncrasy that is present in their trading day.
Confession time: I talk to myself. Out loud. And because I live alone, I find myself gently reminding myself that this is a behavior that is best to remain within my own four walls lest I want to end up in a softly padded room somewhere.
Continue reading “Why would you do that?”