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Catching Big Waves - a trader's journal of surfing the the markets
Above $100, then Below $100 and then back above.....and then back below
Could be a fun next week
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
I finished Friday down 67 ticks. And despite the small amount, felt horrible afterwards. I spent some time with a friend after the close and he could tell something was wrong without me saying a word.
I had been in a short trade, 3 contracts, and out of nowhere my computer "blue screened" It said it was a memory issue, but I could not find anything. I was running at about 50% capacity.
I called my broker, "Please flatten me". They asked if it mattered where, and I said no, I just wanted out. Thanked them, restarted and watched for awhile. The trade would have been a great winner, but I closed at about $400.00 down. I was hesitant to reenter, not sure what was wrong. But then sat there long enough to think it was a fluke, took another trade, then another, then another. Back and forth, mediocre trades at best. Got down $850, back up to negative $390, and finished down.
I was swinging at anything that moved, holding a grudge from the equipment failure.
I know better, I tell myself to do better, I was prepared to quit early on Friday. And then felt so down that something so simple can throw me off to where I trade like an idiot. The end result was not that much worse than had I quit at the blue screen, but the behavior I saw, and only saw it after the fact, really bothered me.
Trading with a heavy emphasis on discretion requires a calm mind. Sometimes I don't see that I am not there until after I shut the computer down.
