Two trades yesterday would have worked, and would have brought me flat on the week. Instead I made half on one, and didnt take the second one. And so far this morning, another trade worked. Today was better than yesterday, because I made about 60% of what I should have made. If I had followed the plan on all 3 trades I would be up 1500 on the week. Instead, I am still down 1500 on the week.
I think its a lot easier for me to follow the plan when i get stopped out than when I get out of my trade a winner. Its very hard for me to resist taking some profit. I think its ingrained in my psyche from years of inconsistent trading. If I see some money sitting on the table its hard to leave it all there and let it ride, to maybe be snatched away, and have to take a loss to boot. Another thing that makes it difficult is this- when I put the trade on, its a 2 to 1 reward/risk. When it moves towards my target, It starts to look more like 1 to 2, because my reward is an additional small move whereas if i get stopped out I lose all my unrealized profit plus the loss. Anyway, all these are reasons I dont follow the plan, but they are not an excuse. I have to make following the plan the #1 priority, like I have been saying all along.
Goal tomorrow: Stop fucking around. Get my shit together. Follow the plan!
FMLT
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