Last week end I didn't recap my previous week results as I was frustrated and tired of the all losses I had so I needed to take some time off and I didn't think about trading the whole week end and it worked. Monday I was fresh and ready for a new week and I started with new energy and positive attitude.
I'm still trading with little capital, I prefer to trade tickers with value over $1 and below $9 especially now that I usually enter with an amount between $400 and $900. Sometimes with those small amounts it's difficult to have the right perception of your profit or loss, for example I had a loss of $32 that per se is nothing but it was more than 8% loss of the capital I used and that to me it's a lot, so every time I enter a trade I have to strictly follow my plan and not get distracted by the amount of the P/L otherwise I let the trade run more than planned and in case of loss that could be bad.
Two weeks ago I had 3 trades in total, all shorts and all losses, last week 7 trades in total of which 4 shorts, 3 losses and 4 profits or close to break even , at least I didn't get only losses and I'm getting better at cutting them quickly.
I feel more comfortable when I short, I'm far away to be good at it but it's something that I enjoy more than going long, unfortunately if you don't have a CP account it's very hard to find shares to short at least of the OTC stocks.
Talking of OTC stocks I'm still struggling with my entries/exits but I'm not giving up, I'll continue to practice with small sizes until I get good at them because it's my understanding that most of the best opportunities are there.
The biggest losses has been caused by choosing illiquid stocks and stupid revenge.
As in the past I continue to keep track of the trades in which my mindset took me out of proper execution (my psycho journal), if you're honest you'll discover something very interesting about yourself and it will help you to become a better trader.
Making this recap, every time, it takes me at least half a day, it seems a lot but I really think that's worth it and anyone should do it because it forces you to go deeply in your trades and face your mistakes. I'm really far away to be a good trader and honestly at the beginning I thought that it would have taken me less time to become profitable but then the market taught me some lessons and I realized that I needed to study more and harder if I wanted to become successful, so here I am again ready to fight another week happy to be part of this wonderful world!
Always remember KISS & CVC :)




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