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Day 6 ends and the account now stands down by -$141 at $30,246.
What happened?
This was the report I was about to post a few hours ago and call it a day (image was titled "Day 6 Ends.jpg") and report was +$93:
However the real report is -$140 which is this - will go into the story as impartially as possible:
I will reserve a post for this because it is important, and also all analysis is still not complete. However for now notice the clustering of losing trades - it signifies tilt.
Courage and conviction are solid friends to put faith in instead of hope and prayer. I was lacking conviction today after going on tilt on Day 6, however I had a bit of it which was enough to get me small winners after all. Good trading is like cycling, you never forget the basic elements if you have enough practice.
The first trade after a losing day was taken in the Asian session, so I took profit at the first MAE - it was a good trade actually but with the slow movement it would have taken three hours to reach my target which results in a lot of depletion.
The second trade was premature and the third was better but was characterized by a similar quick exit even though the IRB range was of excellent quality (though held better in this case). So again, a lack of courage while holding to target made me exit at 2 ticks (for a trade where 6 ticks minimum were plausible).
The third trade was an IRB too, but I was trying to wrap up the day and had closed the platform when the entry hit (after two false breakouts), so lost thee ticks of the move fiddling with platform startup - caught the last and final two ticks of the move after which the market tanked.
Some of your images are not showing (#1, 2, 4 & 5). I have seen this lately -- when it happened to me I could see them, but no one else could, so I didn't know anything was wrong.... Reloading them worked for me.
A surge of the 'me' thing
leads to unmindfulness,
buying instead of selling
Trying to outsmart the Marketess,
Trying to predict the fling
Instead of dancing to her steps!
Instead of predicting
Why not let probability do the thinking?
A one tick day where I had an excellent quality Inside Range Break short setup, but what did I do... I did not take it and then I 'saw' them (!) fooling me into taking that short and said "Aha! They are luring me into this short and will soon move the price higher!" Thus I fell prey to amateur thinking but then slapped myself back to my senses and looked for a technical exit, which did come as it usually does after such an IRB and which thankfully made it a one tick winner. The negative was that after I regained mindfulness I moved my stop to a better technical level where it was more likely to be respected (it was.)
The hidden motivations that draw us to trading always should be broght into light.... in the light they lose their power, and your trading becomes simply the execution of a carefully crafted business plan instead of solving of mysteries or proving your worth.
I hope to be more mindful in the coming days instead of wasting bullets like this.
Quoting the above as a Reminder to myself: love yourself, show that courage which is innate in you, be humble and step over those one tick days without hating yourself for not being higher up on the equity curve, be in the now where all creation is possible and where all destruction can be actively resisted!
More power to me, while I subjugate the 'me' and then when there is no longer an 'I' then act in the natural state with innocent confidence and simple faith.