Started the month red but it’s nothing to worry about, only lessons to learn from it, because if I keep dwelling on losses and the past it going to hold me back weather big or small losses and hinder my growth and also I shouldn’t be worrying about losses and think ‘damn im not good enough’ because that some pussy shit FR!
Didn’t trade yesterday for too long tho only about 5-6hours because I need to sleep because of school (I’ve been missing lectures and slacking behind on that). I did miss some good runners that I could have had re entry because of doubt and not fully standing on my thesis rather on the thesis of those I’m
trading with and because of that I wanted to make back for the runners I missed and started buy some slops and ended taking losses on them.
I took advice from a trader and re-structured the advice, ‘if I see something worth buy and I like it, I shouldn’t doubt myself but buy that thing (doesn’t mean I should buy slops) and be ready for the both outcomes it’s either I’m wrong and I take a loss and move on asap or I’m correct and I make money on it’.
Lastly noticed some areas of my life were slacking because of that I started a daily improvement journey also
-workout because it helps build discipline and consistency
-no goon (it overall is bad to me as a trader)
-Pray because it’s also very important.
-Listen to Jim Rohn podcasts
- lastly and importantly study for my upcoming exams and also journal because if you don’t journal how would you know areas you’re slacking in. I also encourage all struggling traders to do this because personally we ain’t here to flex but to change our lives.
Lesson taken and Gods willing I apply this all in July and my next trade and improvements would come from there.
This morning I made a very silly mistake onchain. A mistake that cost me a hit on my portfolio and that was because I went against all my trading rules and strategy.
I went from 2.3sol to 1.4sol because of that mistake, I’ve never done that before and it did cost me my port and psychology ( but I’ve learnt from it and would never make that mistake again)
I woke early of the EU hours and I was so desperate to make money because every one on CT was in huge profits and I aped in 50% of my port into a random shitter with not that much potential. The mistake wasn’t apeing that coin, but was over risking my portfolio into one coin and the market did humble me. I lost 0.5sol on that.
Now the lessons are that the market would always be there and I would never ape more than more than my usual ape size which was 0.4sol as of that trade and also would respect my trading rules so much because that’s the only things that can make me go far and keep my going when times like this appear.
Because as someone trying to grow my portfolio why would I risk half of my portfolio? That’s dumb!
I’ve learnt my lessons and I’ll make sure to not repeat it in my next trade.
Inshallah I’ll lock and cook this week.