August in review:
This was my first month trading from my LLC Account. The month started OK but mid-month I let myself get over-tired, stopped exercising, and traded heavily just seconds after the FOMC rate decision came out. It was partly revenge-trading and partly bored trading. And it was a very expensive way to act when bored and frustrated.
I want to improve my self-esteem, so that I feel like I deserve to make a lot of money from trading, and can break out of this pattern of making each day a struggle--digging a hole early in each session, and then solving the profitability puzzle before London closes. While it is challenging, it is a stressful way to make money.
This last week of August I made -69 pips for the week. And I'm happy. I got more sleep, more exercise, ate better food, felt more rested and alert, and enjoyed inspiring company in our Trading group. This week was five winning days in a row, +$11% and +$13.5k in trading profits. Still, yesterday I made a sloppy directional entry error that quickly cost me a winning trading basket. Verify, enter, verify.
Today I entered several trades just minutes before U news "expecting" U strength to continue. It did, but 1.5 hours later, and after I had donated thousands of dollars back to the Market. Dude, just go the the kitchen and get some more chocolate next time or go play with the cats when you feel bored and want to enter trades before news.
One interesting thing that happened this month was seeing the power of a false Tweet (a Pastor's imminent release from Turkey). For several hours after that Tweet, there were strong moves.
For September I want to get more sleep and exercise, eat better, drink less, enter no trades until after New Releases, enter trades with smaller size, eliminate entry errors, close all trades (or have them Stopped at better than B/E) by London close, have less chart time, get to the beach more often, and make money every day. Looking for an "A" grade.
August Trading Profits: -$11,398
August Rebate amount:+$15,781
Total profits: $4383
Balance with Rebate: $151,383
Grade for this month: C
This was my first month trading from my LLC Account. The month started OK but mid-month I let myself get over-tired, stopped exercising, and traded heavily just seconds after the FOMC rate decision came out. It was partly revenge-trading and partly bored trading. And it was a very expensive way to act when bored and frustrated.
I want to improve my self-esteem, so that I feel like I deserve to make a lot of money from trading, and can break out of this pattern of making each day a struggle--digging a hole early in each session, and then solving the profitability puzzle before London closes. While it is challenging, it is a stressful way to make money.
This last week of August I made -69 pips for the week. And I'm happy. I got more sleep, more exercise, ate better food, felt more rested and alert, and enjoyed inspiring company in our Trading group. This week was five winning days in a row, +$11% and +$13.5k in trading profits. Still, yesterday I made a sloppy directional entry error that quickly cost me a winning trading basket. Verify, enter, verify.
Today I entered several trades just minutes before U news "expecting" U strength to continue. It did, but 1.5 hours later, and after I had donated thousands of dollars back to the Market. Dude, just go the the kitchen and get some more chocolate next time or go play with the cats when you feel bored and want to enter trades before news.
One interesting thing that happened this month was seeing the power of a false Tweet (a Pastor's imminent release from Turkey). For several hours after that Tweet, there were strong moves.
For September I want to get more sleep and exercise, eat better, drink less, enter no trades until after New Releases, enter trades with smaller size, eliminate entry errors, close all trades (or have them Stopped at better than B/E) by London close, have less chart time, get to the beach more often, and make money every day. Looking for an "A" grade.
August Trading Profits: -$11,398
August Rebate amount:+$15,781
Total profits: $4383
Balance with Rebate: $151,383
Grade for this month: C
9