Sometimes the best trade is no trade and keeping on track to your goals
In the past week I have really seen a difference in my mental capacity with the constant waking up in the middle of the night around 2:30-3am at 38 weeks pregnant and not being able to get back to sleep. After the first couple of nights it happened I realized that my brain is not running at 100%
You know when someone asks you your cell phone number and you can’t remember it. Or you walk into a room and can not for the life of you remember why you went in there. Well that, as well as my hubby clueing me into this change lead me to watch more now until our little one’s birthday in the next two weeks. If I’m 100% rested and running all cylinders great. I will be full on active.
In the meantime I will continue to study the market, videos, research. Work on the book, blog, YouTube videos and testing out Stocks To Trade. They offer a one week trial for $1. Also Trade Ideas has a TI Premium week open house Feb 6th trial for $8.88.
It is not worth it to force a trade and not be at 100%. If you are feeling sick or off your game be honest with yourself. There will always be a good stock to trade and the market will be open the next trading day. In the beginning I felt like I was missing out…but now over time I see there are stocks to trade everyday.
In editing my book it brings me back my beginning and the thoughts I had as a newbie trader. I wanted it soooo bad. However rushing the process does not mean success will happen faster. You cant just jump into a trade because you want to trade.
It is important to understand the why behind it and to do that you have to study. Study the charts. Study the news and catalysts. This week has been a whirlwind as well with Trump’s first week as President. I will touch more on this an my weekly watchlist in my YouTube video coming on Sunday.
For example the pipeline deal is back on and oil spiked on the news and the Canadian dollar strengthened. Then the reality set in of the details and it could be more than a year for permits and everything to go through in order for the work to commence. So with all the executive orders we are seeing immediate jumps in one direction or another, but there is from what I see little follow through in the days after.
His executive orders are acting as catalysts it seems the day traders are in and out in a day with potential long term growth but nothing like the first day reaction.
The markets are always changing and Friday was an interesting one with the Dow down and Nasdaq up. Then the two are in disagreement it can be tough to trade. I was talking with a trading buddy and he was frustrated with the ambiguity of the market.
If you see things like this dont fight the market. It will always win. Be smart with stops mental or hard and stick to them. If the trade does not go your way then get out. Dont anticipate, but react to present price action.
I have from what the Doctor anticipates less than 2 weeks for our little love to be here and I really want to achieve that goal of sharing my book with you. So literally working day and night (when insomnia happens) to make that goal come true. 60% done with editing chapters so far. If you are interested in being put on the list to get the news shoot me an email at carpeprofit@gmail.com
When you want to make a change in your life it starts with a positive mindset first that you can do it and second an action daily to make that change happen. So if you want to see change do it today. I even recommend a post it note on your mirror for the morning to ask yourself what are you going to do to change your future today? The work has to initiate within you! You control your future with your daily decisions!
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 (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube
Working on my book to be released this spring of 2017 available on Amazon. If you want me to email you as it is available shoot your name over to carpeprofit@gmail.com.
The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. There be an open house for just $8.88 for a week to test the full premium services starting Feb. 6th.
For my charting and level 2 I use Equityfeed.
This blog is for information purposes. I am not a registered securities broker-dealer or an investment adviser. 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.
