Thought I'd like to journal my funded TST trading.
Frustrating losing 1st day, although I made so many mistakes and was so emotional about the trades it was inevitable really. Tomorrow is another day, as they say.
What did I do right?
* Followed my pre-market prep and waited out the open.
* Took a short after an attempted push up looking for gap close (1)
* Waited it out and took a profit.
I went out then on family duties and decided to continue when I got home, this is when the mistakes started happening.
What did I do wrong?
* I had the June contract open as well as the March. I took a long on the June, then when it wasn't going my way I took a short on March. Very strange - I don't know why I did that. Closed them both out for a loss (2)
* Just after that was the lovely VWAP short entry which I took, and brought me back into profit by 20 ticks.
* Then the red circle happened. The red circle is just indecision and constant back and forth. It's a mess. An expensive mess.
* I saw that on the 30m chart we were in a pullback which could break to the upside and took a long. No - wait - we're below VWAP and tick isn't shooting up - short - no this is a powerful bouce - long. It's no good.
What can I do to imrpove?
1. Try to avoid emotional trades. I took them today. Think about my emotional state as part of the morning prep.
2. Be focused on what I'm doing and know I won't be interrupted and don't need to do anything for the duration of the trading day.
3. Don't trade at home unless I'm alone. I am constantly interrupted by the family which means I can't concentrate on what I'm doing.
4. Put together a chart setup on the screen so I can see everything I don't need to keep moving things around. Only have the necessary charts on screen.
5. Be more patient with trades and let the winners run. Its much easier to do this when you start with some winners.