I try to correct the issues in my trading one problem at a time. The issue that I made between Mid- January and March was that I would take setups that did not reflect the best opportunities in the markets. The issue I have seen in April is that I find myself in the correct setups but I mismanage them. That is a sign of progress to me. In the trades that I have taken where I have had a good trade idea there have been a few consistent problems that have kept me out of great profits. This review will help correct for some of those in future trades:

 

Mistake #1 Not Playing to Strengths: I do not like buying intraday breakouts at all. I get poor risk reward and my conviction holding the play is significantly reduced. My strengths from the day I started trading/investing is looking for pullbacks into key levels. The best profit opportunities for me are movements that look weak on the 1 min chart but are strong and holding key levels on a multi-month or multi-year chart. 

Mistake #2 Emotional Entries and Exits: There are times where I will make an entry because I look at my record and my account and I need to prove to myself that "I can actually do this trading thing". When I take the entry there is no real control over my thinking while in the position, as such I sell at the first sign of danger.  I have  written down a list of things I say in my head before I make good and bad trading decisions, I try to focus in on them every now and again to keep myself in tune with good and bad habits.

 

These two mistakes can only be corrected with patience and forcing myself to look at the habits I engage in and to not trade when I am on the outset of acting on one of those habits. I also have spent a lot of time just watching DVDs of other traders and thinking through where I would have taken my entry relative to the price action. I have a training regiment for myself that works to hone in on one mistake at a time until it is fixed.