8/29/2011 7:33 PM
Wow, pretty bad day today. These are the kind of days I need to eliminate if I’m ever going to have any sort of consistency in this business. The market was bullish before the open, but for some reason I thought I’d try to take shorts. Because of all of the negativity in the markets lately, my preconceived bias tainted my ability to make good trades because I’ve been doing so well with shorts. There are too many bad trades to post screenshots, but I’ll just summarize with 7 trades, 6 losers and 1 tiny winner to end the day -38 net.
On the positive side, I’m still ahead since I’ve been back to trading. I also learned that I need to throw my prejudice away at the door and trade what is in front of me. Had I been focused on trading with the trend, I am certain I would have had a better day. Hopefully tomorrow will be better…
