This isn't a trading recap of today, but more just the past week or so as I've not really blogged much since my last big loss with $AKTX and missing an amazing $CLRB trade.
I've been really inconsistent with my trading still. I have had some great ideas as I looked and planned things out, I just didn't really act upon them and missed quite a few good opportunities due to lack of confidence mostly. I'm not going to talk about all those things, but I was really close a number of times, just didn't quite pull it off, either from just not taking the trade or trying to take the trade and not getting filled.
Next week is the last trading week of the year, and I'm not sure if I'll trade any. I feel like I'm really unfocused now, stumbling around the dark, and lost a sense of direction I thought I had going into the end of this year. The $AKTX loss sucked a lot, but it's not the issue here. I'm still only able to hit really small moves, I'm overlooking so much opportunity, and just not taking risks when it's the right time to be taking risks.
I've blogged about before how I know these things take time, and I can't expect to change who I am overnight or even of the course of a few months. I don't feel like quitting trading by any means, I just need to take some time to really find something to focus on and try to get better at. If there's one thing I'm consistent at, it's being on the losing side, which I suppose is normal because 9/10 traders lose, but I really want to understand why when I finally decide to go for something, it's usually the worst time to do it as the trade goes against me.
Then, there's the side of me where I have been on the right track for things I don't trade, think about the potential, then while it doesn't happen right away, it happens shortly later and I have no position because I thought I'd be random buying and didn't want to just hold and hope for something to play out.
So many of the stocks I was looking at the past few weeks and considering R/R on, ended up having monster moves that I missed because I had no position in beforehand, then by the time the move is made and they run, it feels like chasing and I have a bias against want to trade the stock so high, so I miss out big.
For 2018, I have a lot to improve upon still, and am looking forward to it, but I need to come up with a better plan of what I want to focus on. I used to love getting into trades for power hour, and hated PM/morning trading, but now it's the opposite. I feel like I prefer PM trading and looking for morning plays, then just not really getting back into things until AH as I don't like trading into lunch.
So, the past 7 months about have been valuable experience I hope to take further, even though I don't like ending with the types of losses I'm at now. But, it's ok, I feel like every trade has been worth it, and I really feel like I've learned a lot of new and important things this year, but it's going to take me a lot of time to get profitable and change my perspective so that I can hopefully one day become profitable.
That's it for now, congrats to Jonk87 (https://profit.ly/user/Jonk87/chart) for finally being in the green and living the dream!
Posted Dec 22, 17 9:45 AMbywannabestocktrader
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im in the same boat as you brotha except you win alot more than me !
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