The purpose of this blog is to organize my thoughts and to keep a journal of sorts for future reference. The objective is to be truthful about my performance and illustrate good times and bad. So along those lines, I have to admit to piss poor performance of late.
Some combination of lack of conviction and poor attention during trading hours has me grounded. Grounded as in right into the fuckin' dirt. My lack of conviction, I believe, has something to do with coming back from vacation feeling out of the loop and lack of clear direction in the market as a whole. Poor attention during market hours is the harder part for me to deal with. I look at today's watch list and the winning trades are all right there on paper written by my hand. So I guess I just need to get my head on straight before I find myself living in a cardboard box.
This is the hard part of trading, the part that you can't teach. Psychology. It's the key to the whole puzzle. My tools and strategies are simple but trading itself is extremely challenging.
The only thing I can fall back on is that I've been here before. Many, many times. Time to pick myself up out of the dirt, brush myself off and get back to my winning ways. I have no doubt that I will be successful in the long run but it's easy to lose sight of the big picture when faced with adversity.
Tuesday, August 5, 2008
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