I woke up and the first thing I do is check the phone for setups–and there was one! That got me out of bed real fast-- and it’s really cold right now, believe me.
Still had about an hour before candle close though. It was tempting to open a position–I mean it’s going to close in less than an hour. But I have my morning routine and it has to be done before any trade can occur because for 7 hours I have had no liquids and no carbs.
Coffee, chat, good carbs and then a cold morning shower (I mean really cold!).
Cold showers are easier done in the winter than during hot Australian summers for some reason.
Game time, finally. And now mental challenge right away–the price has moved further than I wanted but the signal is clear as day. Well, mind tug of war began. I started thinking maybe I should wait for a pullback for smaller SL and bigger RR but then I have never tested it that way.
Reasoning sounds cool. Sounds legit, but I didn’t do any of that sort. I just entered as planned. It’s a big SL but its’ the plan. I’ll adjust later if things keep falling apart–when the market is closed.
Checked on the trade from Tuesday that made me have a little FOMO…Yeah, that’s going in the other direction now. It’s good to stick to the plan.
On my current position, market wants me to sweat as it moves .25% against me. I see a correlated pairs moving fast but the one I’m in isn’t. Checked the backtest review notes again and yup, it says most of the time it will move against me.
Mind games, gotta love them Time to finish blog and work on my next one which is a big project and time consuming. I think it will help others. Then, go for a run next with family (who are on bicycles)–hope I can keep this up at least until I’m 80 but knees hurting lately since cross training to boxing. Oh well, you don’t need knees to trade!
Afternoon update: Still in the trade. No other setups–sitting on trading hands.
Evening: Nothing to do live trade wise, just review charts and past trades. Trolls getting in my head again so I will have a hot shower before bed for a quick win/spiritual boost.
There’s noise in your head (inner monologue) and there’s external noise. So much noise. I believe reducing chatter is key for me.
Waking up to a new reality and challenge. I feel like an alcoholic on remission and someone keeps trying to tip me over to the dark side. No, it’s not the market that vexes me. It’s the internet trolls.
Glass half full: it’s a good test of the developing iron mind. It is, what it is. I think when the time comes where the comments just rolls off like water off a ducks back, it means my EQ is elite level status.
That’s more important to me right now than making money because having a low EQ gets you into a lot of trouble in and outside of trading.
So I guess, trolls are my best friends?
Anyway, still in the trade, there’s nothing to do but sip coffee and go for a really long walk. It’s slightly disappointing that most are still at home due to the COVID so I don’t get to enjoy the walks as much.
I don’t feel like opening any new positions today–I think it’s a day to take care of myself as well as review some setups. I feel there is always room for improvement.
How can I be 1% better?
Noon: Apart from my morning walk, I’m still studying charts. Just need to take breaks for my eyes sake at minimum. Trade is going well but no expectations–market does what it wants. I gave myself permission to have beer with lunch so long as I don’t make any live account trading decisions.
Evening: After a long walk, back to reviewing but getting tired of reviewing. I think I found a way to be 1% better but it takes more patience. Nothing else worked for me before so what choice do I have but to do the things I have not been doing.
Night time: Trade is slow to move but I can wait. In profit but threatening a stop out. Who cares, SL is there. Too exhausting to try to be Nostradamus.
Learned something new today and Babypips had the answer: comdoll
Should have gone with the antipodean bunch of the comdolls Shoulda, woulda, coulda. Before you go Google that, thanks for reading!
Can’t wait to try a the slight adjustment I found but it involves a lot of waiting. That should give me time to do some more testing, anyway.
Calling it a night. Friday should be a semi day off–as long as I don’t do anything dumb if I’m stopped out overnight.
Past instances when I get stupid: When my entry tool has an error and a trade is triggered, triggered incorrectly, or not triggered; Stopped out then market moves in intended direction in a big way (FOMO); a big win; and accidentally reading some twitter hedge fund guy talking about why so and so has to go up (or down) and I start second guessing myself. Oh yeah, gotta add troll comments in the mix now. Gotta watch myself very closely.