I certainly can’t complain since this was another profitable week, but I finished with a sour taste and some dumb trading. I found that Thursday and Friday were much more difficult to trade after we had the Fed on Wednesday. I find that the week of the rollover is a bit choppier and harder to read. I finished even on Thursday and was about even most of the day Friday until the last ten minutes when I decided to put on 20 contracts in what amounted to nothing more than a gamble! It cost me a $13K loss before fees. I know better and it was just dumb. I wanted to try and go out on a high note and ended up going out on the lowest note of the week! I have made this mistake before. Total lack of discipline. Through Wednesday, I was up $55K net and finished the week with $39.7K in net profits. I overtraded Wednesday – Friday. It worked out OK on Wednesday, but Thursday and Friday were total crap. I will be traveling the next two weeks to South Africa and will not be trading much. There is a seven-hour time difference and when I do find time to trade it will be late afternoon/early evening. I know I should keep it small when I don’t have my optimal setup in terms of screens/desk that I do at home. The next couple of weeks should be light in terms of volume and is also not the most optimal.
I am up $86.9K in my challenge through three weeks. I am pleased at my progress, especially after the second day of the challenge when I started tracking and took a $90K loss after fees. I feel like a lost a little focus and patience in the last part of this week and need a bit of a reset. I must keep reminding myself that it is OK not to take a trade on any given day if it doesn’t meet all my criteria. Patience, patience, patience.
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