Category: The Daily 41 Points
That quote is my mantra for this month (July). I need so much calm in myself. I lack self-control and i’m too emotional. I wonder if I can ever be the trader I ought to be with this behaviors. But, I refuse to give up. I can do this; I know I can. Don’t know how long it will take but I know I can. That control, I can reach it, that discipline I can have that, that patience I can attain. My mistakes and choices are now repetitive and it almost feels like my mind is constantly over-powering me. How can? How can my mind have so much power? Come on Favor, It’s because you allow it. You’ve always allowed it so now, it’s kinda hard to take over the wheel.
You need to regain control. That’s the thing; I don’t know if you’ve ever been in control. Listen, you are better than this. You are brave and talented. I trust you to do better. I trust you to over-come this phase. It’s just a phase that’s the thing. All this, is just a phase. Once, passed will there be challenges? Yes. However, this is the greatest of them all.
I already told you all about day 1. This is a continuation of the story.. Took L’s for day 1 and 2 all thanks to the range of Nasdaq100. At exactly 6:40am, I sent a set-up looking to take a sell. Higher-lows with lower-highs were formed and I hadn’t thought about trading second candle after breakouts yet. In fact, this was one of the reasons I added that to my trading plan (trading the second candle). Imbalances, I didn’t even pay attention to them. I feel like the more I trade, the more I figure stuff add and make my system better and more effective. Anyway, long story short, I took another L for day 2.
Today, it’s a new month and I remember being just so excited on what’s to come. Something new, something great. A new direction; a new path. If I’m going o be a great Nasdaq100 trader, I need to start taking this more seriously. N more jokes, no more shortcuts. I’ll work now, cry now.. To smile and be pleased with myself later. That’s the plan; that’d the goal.. Was reading a book and this quote stuck, “A formula for success: Find what you do well and then figure out how to do it in trading”. The question I ask myself daily is what do I do well.. Do I even know myself well enough to know what that talent of mine is? Favour, what the hell are you good at?
I’m pretty great at analysis, pattern recognition, solving problems,..