I don't know whether today's markets just suited my style, but today's trading went so smoothly. I traded 14 markets, with only 2 small losses, one of them £0.01, and I made way over my daily target of £3. I felt in control, not emotionally involved in the markets, picked good entry points, was patient when there seemed to be no opportunities, my mind was alert and thinking well, and I was quick to analyse when I thought a position was going against me and got out straight away. The only slight downside was that I was caught In-Play twice when I was trading too close to the off, I got away with it both times, but I know that eventually I will get caught out, probably badly, and need to eradicate that flaw in my trading.
I feel that I have made a large leap to the next level over the last few days, having thought about where I am going wrong( not taking and dealing with losses), read "Trading in the Zone", watched videos of other people trading - this video particularly made a big impression on me - I will see what happens in the next few days, many times I have thought this and been brought crashing back to earth.
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You will get caught out in play at some point. It is my biggest vice in terms of trading, oh and all the others you have mentioned in your blog. I could have actually written this.
ReplyDeleteWith me it is a mental thing and I have to overcome that otherwise I am going to have to go back to the city to work.
Your blog name could be mine, however, I called mine No More In Play.
I'll put it out there when I finally manage to a go a day without going in play. Ha Ha
Thanks for the comments, hopefully we can both master this.
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