However, over the past few days I’ve been doing a lot of work in an attempt to modify my attitude about my trading, and I think that it had a lot to do with my results today.
I won’t get too deep into this today because I don’t have time, but I’m realizing some of the things that I’ve been doing that I think have been causing me so much trouble.
A short list (a couple of friends will recognize that these are not new for me):
- Being overly simplistic (and mechanical). Expecting one method or approach to always “work,” rather than using a more holistic approach.
- Micro-managing (strangling) my trades rather than allowing for some “wiggle room” as price moves in my general direction.
- Having a myopic view of price action rather than looking at a little bigger picture and using context to help me.
- Always using the same profit targets rather than letting some trades run when it appears that they could.
I’m posting my 1m bar chart, but it is by no means the only thing that I used to make my decisions today.