3 Trades
3W - 0L
My first two trades were basically stopped out at BE. The first trade I was going for a home run and I ended up giving a +16 pip winner back to the market. The second trade I was looking to add to the home run but I quickly exited as price didn't explode to the downside as I was anticipating. The third trade was an almost immediate re-entry. The trailing stop of my first trade had just been hit to the tick & price still looked like it was heading downward so I re-entered. This time however I decided to book a solid trade as a win instead of giving the market an opportunity to come back up and hit my trailing stop. Additionally, up to this point, I was able to keep my mind centered and my emotions were balanced.
After I completed the 3 trades in this sequence I could feel a little bit of euphoria setting in. I was very pleased that after the trailing stop was hit I was able to keep a balanced mind and focus on additional opportunities the market would be presenting. But with euphoria setting in because I was happy I decently executed a trade sequence I recognized that I was at an ever increasing risk of making a poor decision. So I stopped for the day.
The only reason euphoria set in is because it's not often enough that I'm executing trades smoothly. As I progress my goal is to execute trade sequences very well more often than I don't. Trading well will become the normal thing for me to do and I won't have to be as concerned with good feelings adversely affecting my results.
If you want to know why I'm so focused on my emotional state of mind while I'm trading then look back a few posts and see the entry I titled Emotional Decision Making.
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