Took a good look at things I need to do to improve my trading. Realized that five out of the last five Mondays I've been profitable, and most Tuesdays, too. Then by Wednesday I'm over-tired, having had too much screen time and not enough sleep.
I then take poorly thought-out trades, then revenge trade when those trades go badly, and treat the demo like a toy. Then by Friday I'm deeply in the red and resetting my demo account--but not having addressed the underlying problems.
Fixes: Started a daily schedule yesterday that includes reduced screen and trading time, more sleep, daily exercise and more care in selecting trades. Sleep and exercise are important for me to arrive at my trading desk calm and clear, ready to make good decisions. And if i'm over-tired, anxious or upset then I will not trade.
My new mantra:
www.youtube.com/watch?v=bVVsDIv98TA
+50 pips today.
Took profits on CAD trades that clearly were running--too eager to take profits.
I then take poorly thought-out trades, then revenge trade when those trades go badly, and treat the demo like a toy. Then by Friday I'm deeply in the red and resetting my demo account--but not having addressed the underlying problems.
Fixes: Started a daily schedule yesterday that includes reduced screen and trading time, more sleep, daily exercise and more care in selecting trades. Sleep and exercise are important for me to arrive at my trading desk calm and clear, ready to make good decisions. And if i'm over-tired, anxious or upset then I will not trade.
My new mantra:
www.youtube.com/watch?v=bVVsDIv98TA
+50 pips today.
Took profits on CAD trades that clearly were running--too eager to take profits.