I haven't been doing to well with trading the past few weeks. Partly because i have had some issues with work. I don't want to sound like im blaming work or any thing like that. Its that i find it very difficult to concentrate on trading when my phone rings and i constantly get interrupted, and i don't have enough time to do my morning analysis to set my levels and feel comfortable with them. I haven't been posting my results either which isn't good for my development. Partially because of work and not having enough time after market close and also due to being so discussed with my results for the day that i don't want to even acknowledge my bad trading.
In the beginning of the year i was doing really good and i thought for a minute that i have made it. I thought that i have finally turned the corner and that it will all be down hill from here. My PNL was starting to go up for the first time in the past 2 years. But I soon realized that is far from the truth. And that my trading journey is in fact just beginning. I remain optimistic. In light of all the hard times im faced with in trading right now this is the time that i really need to be strong. and keep up the good fight. because i really believe in the fact that i can become a full time trader. I feel im a pretty smart guy. And i see know difference in me or some one that is consistently profitable. Our supreme being (who ever you believe in) didn't come down from the heavens and tap the profitable traders on the head when they were just born and say "Your gonna be a profitable trader" or "Your gonna be a scientist" Or "Your gonna be a sports super star" It was a matter of hard work and a lot of effort that got these people to where they are today. One would say that traders are born. And i believe that to a certain extent. But i also believe more that it is a skill that is nurtured and honed to perfection. Through years of ups and downs. So that one day it can be utilized as needed to navigate the markets on a daily basis to pull profits out effortlessly.
When i went on vacation to Colorado and spent 2 weeks in the Rockies soaking up the fresh mountain air. I really let the markets go and the learning that went into it for that time. When i returned i felt refreshed and ready to go. I looked at the charts and it all made sense to me. Kinda like Neo did when he realized he was the one. And i was nailing it. Then the past few weeks i feel i have hit the wall. So now im trying to figure out what happened and how i can change that to help me get out of this funk i am in.
What i plan to do is stick to my rules. I will cut down to 1 lot for the next few weeks. And at the end of the month i will review my progress. If i am satisfied i will either increase back to 2 lots or i will go on SIM. I have to preserve my capital at all cost. And cutting back size or going on SIM are the only ways i can do that. I am in control of that. So that is what i will do. I am also gonna keep a trade sheet next to me and track my trades 5 or10 trades at a time. Just a simple sheet with entry, exit, reason and PNL. I may include a few other little things like context and where we were at with the market structure. I will do this to help see what trades i am messing up on and what i should have done instead. So i will start with that and go from there. I will try and post every day. Ok later on...
