I had many a good trades to share with you last week but the Word Press community was hit with a cyber attack causing my hosting company to block access to my administration area, therefore I could not post my fabulous trades from last week. My trading has been nothing but mastery since the week before Thanksgiving, so much so, that this week, I guess I got a little cocky, I found myself trading weaker setups and were in plays that I had no business being in. This stems from not being as diligent as I’m normally when making my daily list, which includes my gaps, and 9:45 plays. Having a short week did not help as well as I found myself struggling on Tuesday, down 1/3rd risk unit, Wednesday I was down 1/2 risk unit, and Thursday by the end of the day I felt as if I had been in a wild Bar fight for my life. I was completely exhausted Thursday falling down 2 full risk units by the end of lunch and I managed to get even by the end of the trading day and I even made a few bucks. After review of what was going wrong with my trading, I realized that I had been adding stocks to my list that I normally would have left off. Funny how when you have things finally perfected, you forget about doing some of the things that got you to mastery. To be a successful trader you must master a million things, that’s it, just one million. Leaving something out for a day, week, etc. will cause problems as is in my case this week.
Today, Friday the master came back, I had a very small list of stocks to trade, I was more focused and I ended up positive for another profitable week. I could have wrote about my 2 outstanding trades in MSFT today, but I believe that the above paragraph is much more important and will serve to remind myself of what might be the problem the next time my wheels fall off and maybe this post will help a fellow trader as well. Have a great weekend everyone….