I didn't trade much all day.
Eventually late in the afternoon I was really tired, and bored, and then finally, my will-power was done and I tried to short IWM. I did not have a signal. It was slightly up for a little while but never got up past a few bucks. I eventually stopped out for a very tight loss (good thing there -- I honored the stop) but I knew right after I placed the trade that I was trading based on my opinion and hoping we were too overbought.
Well, there were some divergent signals -- but the CHART had not turned and there were also plenty of confirming signals we would finish at the highs.
It's easy to make money but I need to watch out after a losing trade or after missing a trade that I don't take bad trades to try to 'make something happen'. This can be a really bad habit.
I paper traded in the morning and made $210 in /gc and then another $150 in /cl. By the end of the day, I was up $20 total. I just gambled the paper profits away -- which is bad form. But on the positive side -- my focus can be very good in the morning... clearly I start out sharp. It's the afternoon to really monitor my emotions and decisions. This is something important I know about myself and must remember.
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