I could tell within the first 30 minutes of the market open that it was a non-conducive day to trade my style. I’m not just saying that in hindsight… I actually said that out loud and in the chat room. Yet what did I do? I pushed the gas instead of the brakes. Looking at my stats, I traded the most amount of contracts today over any other day. It is data like that which I really do appreciate because what it has shown me is that I tried to recoup my losses instead of accepting a small day at break even or a little red. I pushed it toward the end and I know I did. I’m glad I did because I have now given myself an experience that I will remember as ‘you pushed it like an idiot, and you burned yourself.’ I will not be beating myself up over losers/losses because being strong mentally requires confidence ALWAYS and I will not go back to my dark place of doubting every trade I take. I can do this and I will do this. Last week and this week and probably this upcoming week are here to have me go through how I will react in different situations. I’m going to listen extra well next time the words ‘this market is not conducive’ come out of my mouth.
Also, Thinkorswim was placing these phantom orders for me where it would fill a cancelled order. That definitely shook me a bit having to manage those. Hopefully I will not have that problem again.
Trades for the day: