Fri Jan 31 Trade Signals and Journal


20200131
Short 1 NQ 9150.5, -2.0
Short 1 NQ 9151.0 +14.25
Short 1 ES 3265.25, +4.0
Total ES +4.0
Total NQ +14.25

Once bitten... as they say.. and so my limited trading today markedly affected by my over-trading into losses yesterday..
...and of course just to punish me further for not be indifferent to yesterday's mistakes, I passed on at least 4 more trades that went as cleanly as did these that would have more than tripled my profits in the 1st Frame of trading.. We might like to be machines, to paraphrase Andy Warhol, but in reality, everything we do--and especially every mistake and mishap we live through--affects us dramatically going forward. You hear it all the time as a trader, leave your errors behind... but you also hear such things as 'learn from your mistakes', and 'quit awhile your ahead' and any other of a dozen aphorisms in the world of trading psychology that infect your daily routine.

The best recourse is to have a plan, and in that plan have limits to your daily losses and quotas towards your daily profit goals... and then conduct yourself as best you can within that framework...