As per the previous post, set up my great 3rd monitor. Got the best night’s sleep in weeks, maybe months. Got up this morning (my day this week off from the ICK! regular job), made coffee, fired up the Command Center, watched the pre-market action.
Then, insidiously and without warning, it happened. Made a trade. Small loss. Routine.
Market reversed… caught it, ha! Made another trade, took extra-large position because I was feeling smug. Market went up, but the stock went tick, tick, tick, down, down, down. Sold half the position at a loss. Back up a little, then down, down, down. Sold the other half.
Went On Tilt for the rest of the day. Click that link and read it. I’ve said professional trading is like professional poker. That link was me today. Fully On Tilt.
Now this evening as I’m mopping the blood up off the floor, I’m humbly going back to What I Know. Run an Advanced Analyzer scan on every stock that finished significantly up or down. Study daily, 30min, 15min, 10min, 5min, 3min, and 1min charts of each of those stocks. Take notes with a pen and paper. See if there’s anything new happening, or if I just wasn’t paying attention to my old notes. Where are they, anyway? Under a pile of bills and other papers on the desk or the bookshelf, somewhere. How long since I’ve actually looked at them? Yeah, I can recite them all, but how long since I actually read them?
I read Trader-X’s post this weekend, and thought, yeah, he’s so right. Well, hell.
Been trading a long time. Been here before. Let’s take a breath and collect our thoughts. Thanksgiving week’s a good time.
I’ve been neglecting the personal site since June. Think I’ll work on it a bit. Owe that to Da Girlz. Hits here will decline. Ad revenue’s bound to fall.