As of today : 7/16/24, I've decided that I'm going to take a break from anything & everything trading related. I'm not sure how long this hiatus will last, but I need it.
I keep making repeated mistakes & bad habits. I'm stubborn. I know what I'm doing & tell myself not to do it... yet, I still repeat my bad habits. I need to re-learn the definition of discipline. What I'm doing currently, is the definition of insanity.
This hiatus will hopefully provide me with a bit of a mental break & clarity, as my life outside of trading has continuously been influencing my decisions in my trades. I never took a step back & figured out what to fix on the outside. Instead, I kept pushing through the continuous losses & the pain thinking that I would be able to fix my issues on the next trade. Not the "home run" mentality, but thinking that I'd be able to discipline myself on my following trades & say to myself : "I got this. I'll do better. I can stop myself from my bad habits. I'll actually follow my plan this time. I'll remember to do my due diligence & analyze before I take a trade. I'll be more patient on my next entry. I will not chase... etc."
My life outside of trading has built up around me to the point where I don't even know what I'm doing anymore... in any aspect of my life. I cannot stay focused. I continuously struggle to prioritize anything. I can't even remember the last time that I have truly sat down to study like I need to. I must find balance & order.
As much as I hate having to put trading on hold to get my shit together, it's what must be done.
On my break, I plan to get back to a stable mental state. I plan to work on myself. I plan to actually implement changes in my schedule & incorporate exercise back into my life, rather than just say I'm going to do those things. I haven't been to the gym in what seems like over a year. I want to get my priorities back in line. I need to get a hold of my financial situation & improve upon it. I need to spend time with my family. I also intend to take the time to search for a new job as my current job has taken over just about all aspects of my life recently. I'm sick of it. I hate this job. I have no life outside of this hell hole. It's literally draining the mental & physical strength out of me each day.
I have no intentions of studying any material of any sort until I can get set a schedule to follow, actually follow it, & make changes to it, if need be. Once I have gotten a schedule I can follow, then I will work on building my discipline back. I will then implement studying back into it. I will study until I feel that I am ready to get back into the market. Then, I will take the time to figure out what I am actually good at, rather than just taking guesses on what I'm good at. I will clearly define my set-ups. I will clearly define my mistakes & bad habits. Then, I will get back into the market.
Good luck to you! I know you will be back, you've got this!
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