Hey everyone,

 

After starting trading in February/2015, I have to admit that I have definitely had some ups and downs in my trading mentally and emotionally. 

 

By May I had felt that I was getting into a groove and was starting to see improvement in my trading which was very exciting. I had almost gotten back to breakeven which boosted my confidence... maybe a bit too much.

Around June I was starting to use slightly bigger position sizes because of my new found confidence. This made me start trading using my emotions and fear got involved. I also had never been through the summer months of trading yet as I only started 5 months or so earlier and did not know what I was in for.

 

Although I heard from Tim in his DVDs that Summer trading is slower because there aren't as many plays and morning spikes usually fail, I didnt approach my trades with caution. This was a mistake and I quickly saw my gains that brought me close to breakeven disappear and bring me back down close to my all time low. Fortunately I have only been trading very small and in the big picture I am not down very much at all and should be able to make it back but for now I will keep trying to get into a groove before I start betting bigger.

 

Ive been trying to figure out why I was succeeding in my trades in June just before I went in a slump and why I haven't been able to get back to that mindset and I believe Ive found out why.

 

When I was succeeding, I had been focusing on 1 trade at a time instead of focusing on how much closer my trades would bring me back to breakeven. This brought me closer and closer to breakeven after each trade. After I started losing my gains, I stopped focusing on each individual trade at a time and started looking at my overall P/L since February and wanted to get back to breakeven so bad that I started forcing bad trades and taking unnecessary losses.

 

Therefore, to start trading consistently, I must focus on each trade individually and just take it one trade at a time. Before I know it I'll be back to breakeven and then be profitable!

 

P.S. I'm very aware that 6 months is a short time to expect to succeed in this game but everyday I improve should shorten the time frame and I am determined to stay in the game until I reach success.

I Hope this helps! 

 

Thanks for reading,

 

Vbansal