I learned from my mistake on Monday. I did well in the morning and then the sickness took over. I felt awful feverish, upset stomach and I will spare you the details. All of this resulted in me taking bad positions and not protecting myself.
I have felt awful all week and my head is not in it trade. I am delayed in writing my blog because the past couple of days I honestly just wanted to feel better. I have been watching the opens, but I don’t feel like my concentration is there to trade.
I appreciate everyone that reached out with tweets and messages about getting better. It is nice to know that my tweets go out to caring individuals not just the abyss.
It kills me not to be trading because I love it, but I know that my head needs to be clear to do well. I am long some losers and a bit of a bag holder now because I am not in the right head space. When I look back at the last 5 months and see my profits close to 100K I realized I can take off a couple days to get better.
I really have found a career I love and I don’t like sitting on the sidelines, but when my head isn’t clear or dealing with other distractions I don’t trade well. So for the moment I will sit by at watch. Everyday I hope I feel well enough at open to have the concentration.
So my lesson from this week is don’t force it. With everything in life if you force it to happen it probably won’t happen well. I was feeling ill and I made decisions looking at charts on a longer time frame and not day trading. My thought process was foggy and made poor executions. I didnt protect entries with stops. That is going to be my goal once I’m feeling better.
I got better at using stops to protect profits and not let them disappear. Now I need to get better again at cutting the losers for minimal loss. My head was foggy and it affected my trading. Time away from the market it always good to help you reflect.
I hope you have had an amazingly profitable week. There were some great trades out there. I just wasn’t on my A game to advise others or trade myself.
Life is precious and it is worth it to enjoy all the moments. Money comes and goes but your health and happiness are priceless. Take time to take care of yourself and everything else will fall into place.
As always I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter, Instagram, LinkedIn and Facebook.
This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.