Total A$$ HOLE! That is what I traded like today. I have done this svereal times before and as much as I keep telling myself to stay disciplined, I couldn't help myself. What is most frustrating is I was up over $7K before 10AM on a couple of trades and could have easily stopped there. Instead I had to prove to the market I was smarter. I knew there were Fed members speaking all day today, but I did not think it would have such a move on the market. Totally expected a down day. I became too overconfident and tried to fight the up move in the morning. I wiped out my profits and tried to force trades. What rules did I break? ALL OF THEM! Did not protect profits, did not keep to my max daily loss, overtraded, and traded all day versus stopping by 1PM. I could have easily gotten out with a papercut today. Instead, I decided to take a knife and cut off my fingers! As I said...A$$ HOLE! Nothing like making a $1M challenge a $1.1M challenge. I need to remind myself that an average of $5K per day over 250 trading days is $1.25M and a $10K average is $2.5M! I keep swinging for the fences when I should be taking the singles and doubles. Scalping 20 contracts for 20 points on NQ is $8K. Not thst difficult when you play with a large account. It becomes difficult when you trade like a greedy A$$ HOLE! As frustrating as the day was, my emotions were surprisingly in check. I wasn't mad at the losses and was not afraid to have the big position. I would say frustrated sums it up. I know better. Tomorrow is another day. Today was another expensive lesson and humbling. Funny how the market will do that to you! Loss including fees was over $88K!
#GivingTuesday - gave a lot to the market!
Updated: Dec 2, 2023
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