It's always easier to post here after a winning day. Today is no exception. I'm still at it. Still making mistakes. Still learning. See hope on the horizon. That hope could be a new job, which would bring an end to my pursuit of doing this full-time, but that may be for the best.
Tuesday, September 1
Morning: Normalized falling in the hole $2k-3k...probably doesn't bode well...strategy of picking 3-4 failed. Way too exposed to TSLA again, put myself at too much risk when a new breakout seemed unlikely
End of day: Perseverance, and I'm proud of myself. I absolutely made a mistake chasing TSLA in the morning, but I clawed back from being down $3700 at 941am, $1950 at 1048am, and $2600 at 1213pm...over the last four hours, I just stayed calm and executed mostly cleanly, and I gradually and linearly made back about half of that deficit. More evidence that I could potentially succeed at this, although I'm looking for full-time work and may stop doing this full-time before I figure out how to regularly make a profit
After Hours: BAD, BAD, BAD
Down TSLA alone ($2239)
Overall ($1700)
Wednesday, September 2
In the hole $600 in first 10-15 minutes because of early hours...why do i tell myself I should enter then? It usually goes very badly.
End of day: This feels like another win. I know it's the same story almost every day. I felt so beaten down by having dug such a deep hole for myself, but I battled back. When I'm focused and in my zone, I do ok.
It's the one-offs...those mistakes...that ruin the day.
I was up $500 for the day...after 10am
Overall ($393)
Thursday, September 3
I was intent on taking the day off. I had a job interview. But, no, I couldn't stay away, to my detriment.
Overall ($617)
Friday, September 4
Overall ($276)
Tuesday, September 6
Finally got through some more of the Aziz book. Finally focusing a fewer stocks so I can stay in the trade and not just rely on stops and trailing stops. Focusing on candlesticks. Just felt focused for the entirety of the 3 hours I trades. I think I am better off not entering any trades until at least 10am. And I was happy with my profits and quit at 1pm. This was was a model day I hope to be able to replicate in the days to come.
I did use my scanners for the stocks I traded, but I definitely still take Aziz's advice against trading the big stocks that institutional traders trade with a some grains of salt. My biggest gain was around $350 on GM.
Overall $659
PS - It's not until 8pm that I'm even aware that the market was down huge today and that TSLA dropped 21%. I am grateful that I can ignore the market and focus on my own strategy. Last week, that wasn't the case.
I find that when your back against the wall in real life, it influences you to make more irrational decisions in your trading.
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