This morning I was eager to make trades without analyzing my portfolio and my current open positions. Had I objectively done so last night, I might have recognized that I had too many open positions. I had overtraded last Friday. But it didn't bite me until today.

I started with 4 open positions from Friday, and I then add two in the early morning. I should never have added those positions. 4 open short-term positions are way too much for me to keep track off. I ended up closing at least two positions for a loss. I still have 3 open positions in my account. They are red, but the losses are minor at this point.

New Rules:

1. From this point forward, I will not have more than 2 positions opened. Period. 

 

2. If, in the unfortunate event, I do overtrade, I will close out those positions as quickly as possible. Hope and hold is not a strategy.