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By the time I entered short at 10102 I had already overtraded.
This is one observation for you, dear Journal - whenever I overtrade, the results get skewed in favor of worse - trading smacks of panicky exits, missing the best opportunities and going on tilt.
I had placed my stop at 10136, which was -$340.
Now here comes the ridiculous part - as I watched price gyrate upwards I was about to leave my stop alone as by that time it was clear that the big downmove was due anytime, but I started panicking that the market would hit the combine's dialy stop limit AND THEN start that big downmove.
So as soon as the market reached 10135 I panicked and exited.
I allowed my mental state to be what it was because of:
1. I was accepting Mediocrity in my trading
2. I had come back from a down day of -$395 and this was unbearable, there was discomfort.
Thus today trading was not about trading, but it was about me.
Had I let the trade be it would have been the rainbow colored trade I had been waiting for 'to make me whole again'.
But there is more.... the next post talks about the ROOT CAUSES of all this.
The rule of maximum 5 trades in a day was formulated my be for a reason. It was to save me from myself.
Not following that rule and overtrading simply meant that this last trade that happened was just a Cap in the Feather - the final eruption of a volcano that has been rumbling ominously for the last few hours.