Becoming more self-aware is my goal for this year. January SUCKED for me. February, much better! Not only did I dig myself out of the negatives... I also was profitable on the month. And for the year so far. I'm still in the hole overall, yes. But I'm making better decisions, at least in my mind I am. I'm trying to force myself to look for patterns vs looking for opportunities to make $. I've also been focusing on going for % gains rather than $ gains. I've got myself back into studying harder. As well as reviewing the basics. Like, square one basics. More clarity, now. I can see things that I haven't before.
I have also been finding ways to make this work for me. Due to the nature of my job (night shift), I've been focusing more on Swing Trades, Monday plays, and Friday plays. Whatever they may be. I made a morning spike trade that I nailed! But I'm not sure what the hell I did right. I recently made a mental trade. Entered where I would have told myself to enter as if I were actually going to take the trade. The mental trade turned out very well. I just wish I would've actually traded it.... I'm still working on what I'm actually good at. Still trying to figure that one out. But if there is one thing that I'm starting to learn, it's that I'm better with my trades when I scale out.
So far this year, my trade tracking spreadsheet has been much more descriptive. (ALL the thanks to T. Sykes Dad, Joel) I'm learning to control my losses more. My losing trade % is still a little more than what my winning trade % is. But, I'm getting there. I'm seeing some progress with myself and my trades. I really just need to hone in on it all. Still honing and refining my spreadsheet each month, seems like... I keep adding to it to be as descriptive as possible for myself.
My self-awareness is going to be an ongoing and hard road. I'm beginning to question my profitable trades. I'm starting to feel imposter syndrome. So in an order to figure out if I really am being an imposter or if I really am starting to learn and pick up on things, I gotta be even more descriptive and honest with myself, my trades, and the analyzation of my trades, feelings, thoughts, and emotions.
A quote from Tim Sykes that I have turned into my own, is now a label on my laptop and is also highlighted and underlined : YOU DON'T HAVE TO WAIT FOR YOUR GOAL OR YOUR RISK TO HIT. IF IT'S NOT DOING WHAT YOU THOUGHT/WANT, TAKE THE SMALL WIN!
Thank you for sharing this, David. So much to learn on this journey, about trading and about ourselves. Great job on making progress.
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