"Addiction is a progressive narrowing of things that bring you pleasure. A good life is a progressive expansion of things that bring you pleasure. " - Anon
What i have observed is that more than overtrading, it is the trade going into +3R and reversing an hour later and hitting my SL - which i hadnt moved to breakeven because i became too cocky about the confirmation of entry - takes week worth of my mental capital, does more damage
"Life’s a game of musical chairs; sometimes you don’t get a chair. You can either get mad that you don’t have a chair, or choose to be happy doing something else."
- Terry Crews, My journey to true power
This loss is opening a window to an imagination where i am slightly seeing what it might be like trading without thinking about making money but execution. All i can think of is blowing accounts, losing money. If i got into the mindset of NOT CARING about making money then i will
Pre market:
Today it was 5th day of the bullish choch in US30 and there was consolidation throughout the day and at NY killzone point the market had not swept the morning and london session lows which created a potential for short trade but there was not really any volume
Logic and reasoning to each trade and in the end i dont journal at all. This is where i guess the 2 trades max per day is a must HAVE. Because it gets easier to point out error in the trading while journalling.
Create a new beautiful freshzone and retest it on 50% and continue the trend. This is a new rule from now on.
- Journal all the trades. This is hard but it is making me forget why i lose I avoid journalling trades because when you take 8-15 trade per day. It is hard to allot
Can form a new freshzone and retest it and go up directly without taking the liquidities below into consideration for a sweep. I forgot because i had not journalled that loss that day i guess
I froze because i saw an evening star forming. Cant really say its a new territory because when the SL hit i rememberred i had been hit lile that past before but i didnt took that loss into consideration while making plan today. I forgot to consoder the possibility that market
I am saying this because rules like 2 trades /day does feel like gambling to me idk why. Like i am coming only before NY open for 2 hours. How this rule will increase my ability to focus? If anything it gives me anxiety that I ONLY HAVE TWO SHOTS THEY BETTER BE WORTH IT
I think there is a very thin line between gambling and day trading which makes it hard to draw the line
Yesterday, there was little volume and i shorted first then longed and captured highest profit on the 5k funded account so far that i had since June($254) Today i lost -$194