Yesterday was awful. I broke all the rules.
To start. I was frustrated because BBOX was refusing to break. It never broke my SL and even though it was a loss it was tiny and I just let it get to me. Also, the last few days I've been paper trading long setups from dip buys. The frustration of BBOX grinding backwards on me (and me not cutting losses when it was obviously not going to break) led me to decide to exit BBOX (good decision) and then try this long strategy live (terrible decision). I went into a spiral of revenge trading and busted my max loss for the day.
Lesson 1: I still haven't gotten confident enough at my short strategy to add new ones.
Lesson 2: Be in touch with my mindset and close the laptop when I'm not 100%.
Plan: Focus ONLY on my short strategy. My consistency was getting really high (80%) and my entries are better than they have ever been on short entries. Focus on continuing to hone entries and get better at exits.
Right now with Sure Trader my commission is pretty high so I am planning on rebasing here with my minimal account for the next week. After that I will refund with only $500. That will allow me to take 200 shares of most stocks I play. This will give me the freedom to exit during the 1st 2 hours of the trading day and not be out a commission as the price of practice, but if I am I am.
I've been very good about not letting trades go against me until yesterday, but I will get this.
Yeah it will happen breaking your own rules. The hardest thing I've faced is dealing with my emotions . In time it gets better.
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