Today has been a large lesson learning day. I think this lesson is crucial because my mistake is not solely a personal problem. This problem affects every single trader and that's balancing trading with our lives. If we put too much emphasis on trading, we may end up empty handed because of a lack of patience. In contrast, a lack of effort into trading may affect our profits or potential profits. Today this was potential profits. After a wild Thursday night at a early Halloween party, I woke up at 6am (west coast) barely awake. I did not trade VSCP in the initially morning spike. Knowing this was a very small float stock, earnings winner and a Friday I figured this might run later in the day for a Friday short squeeze. Fatigue crept in and I went back to bed for a few hours. An hour later we have a 30% spike to the mid 6s.

When trading, we traders have to be on point throughout our entire time-period of trading. If I was not exhausted from partying the night before, I'd have bought around a $10,000 position on the 4.55 breakout, that breakout was a gimme play (consolidation around 4 for over an hour, low float, earnings, huge volume). Looking back, that party cost around 1-3k in profits. I'm not going to be too hard on myself over this but in order to be a successful trader I have to look at the decisions I make and reflect on them.

We can't control when the next runner is going to come around. But what we can control is our consistency. Are we going to wake up each morning ready for whatever that day throws at us? Will you be ready via education and dedication?

Some things we cannot control, life gets in the way and that is completely fine. But often we have the ability to make decisions on our own. What is your choice going to be?