Several trades

Posted on March 30, 2006
Tags: Day Trading, Trading Plan, Personal development |

Market looked gree in the morning so I was looking long. My watchlist had: ATYT, VPHM, AVII and PTEN. I took three trades

PTEN - broke my entry rules on this one and paid the price of -1R
ATYT - didn’t go anywhere and ended as BE
AVII - closed at end of day for +2.1R
Total for the day is just above +1R.

Again, the lesson of today is reinforcing my rules and reducing mistakes. I was thinking and reflecting back on the results of the past week or so and it strikes that it’s probably due to psychological issues, namely - having built a small cushion of profit and gained some confidence I became looser in my trade selection. I need to do a sort of mind reset and get back to just letting my system trade for me instead of forcing trades and bending my rules.