Loser Winner

You might be wondering how I can lose and win a trade all within three seconds, right?  Well, suffice it to say that the movement was so "whippy" that I got in one direction, got stopped out, and got in the other direction and won - all in three seconds.  Overall I ended up losing 0.5 points today - or 5% of the $3000 I was trading.

It's not a slight thing when we talk about the philosophy of trading.  Let's say you have a losing trade - (and, by the way, I'm mostly writing this for myself.  I am preaching to myself, basically.  Feel free to tune in or tune out).  Anyway, you have a losing trade.  The next time you sit down to trade, you have another losing trade.  What happens to your mental state.  Well, in my case, anxiety begins to build.  You chalk it up to misnomers or some basic error.  But, in fact, the anxiety still remains.

When I don't commit myself to the constant "brushing up" or study of trading provided by MMT, I find that I am on a bit of a slippery slope.  The market is ever-changing.  We were talking about this in an introduction to MMT meeting we held last night.  The ongoing education provided by MMT is so vital.  If I'm not watching the daily trade recaps, if I'm not attending class, if I'm not studying the basic lessons or reviewing the older classes - what is going to happen?  I'm setting myself up to failure.

After my trade this morning, I went walking with my wife who is 8 months pregnant.  Amazing that she is the one motivating me to get going (physically).  She is a great woman. I'm sorry that none of you have a wife as amazaing as she is.  :)   She's out weeding the garden right now, by the way.  Anyway... while we were walking and talking I came to the realization that I have been neglecting my studies.  So I'm committing now to focus more on my studies and understand movement better.  There are those of you who are winning much more consistently than I am lately.  And, I believe that it has everything to do with confidence in my own abilities to execute a trade properly.

I need to get to the place where, going in to the trade, I am once again confident in the orders that I am placing.  Where hindsight becomes more of a reality and I can see the movement happen before it actually does.  And, believe it or not - it can happen.  I've been there before.  I'll be there again.

Of that I'm sure.

See you back here again!

Kevin