Thursday, February 24, 2011

Busy times at work = bad trading...

Been busy the past few days. Trading hasn't been going to well the past few days. I have been tied up with work and it has been taking its toll on me emotionally. I have realized that this has been interfering with my trading. So i have taken some precautions to help with this. Im pretty much back to break even with the beginning of the year and i am really close to going back on sim as per my MM rules. So i need to be careful and trade smart. I have also had some issues with my charting and data feed. I recently switched my computers and have nothing but issues with the one im using now so i think i will switch back. I have also realized that i need to be fully prepared in the morning and im just not ready to trade when the market opens. I find myself fooling around and thinking about whether my levels are in the right spot of not. I realize this is not a good habit so i am making changes to the way i get prepared in the morning. I will do my levels and analysis at night from my home after the market closes. Then i will email them and put them on my chart in the morning when i get to work. Then all i have to do is just make some final adjustments for globex session then im ready. It is very important to be confident and comfortable before trading. When the market opens, sit back relax and wait for the market to come to your level where you wanna trade for the day.