I need to limit my trading to my most sure trades. I may sound redundant today, seeing as I said this yesterday, but this needs to happen ASAP, tomorrow.
I am feeling it, these juicy Nasdaq days are becoming very comfortable and my confidence is increasing. I can see consistent profitability because it is so close. I am not finding new hurtles, it is the same hurtle over-and-over, impulse entry into unplanned trades.
The key trades, the ones that matter, seen as letter-A and -B grades on the below chart are going really well. My confidence in these trades is so great that I venture into the dark world of unplanned trades. In the dark world of unplanned trades I sabotage my own success.
These unplanned trades I take, they’re actually decent opportunities but I do not have deep enough pockets or the confidence to trade them. Look at some of my losers—right idea but lacking the confidence of my tried-and-true. I need to keep my emotions in check, especially on these big days where confidence might cause mistakes (like it did today).
One hurtle before I can increase to a two lot. And a two lot trader is a dangerous trader because on these big days my entries yield much more than my first scale.
In my stock book I salvaged some premium off yesterday’s TSLA YOLO and bought some MVIS. Otherwise sitting put until something material changes.
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