Daily Trade Journal

Valentines Day 2024

Don't let greed and heartbreak kill your trading game today! Stay away from greed!

I have finally mastered my mind. I no longer try to force trades. If you set a target goal to make a certain percentage in a day and you hit that in one trade, walk away. You are done for the day. If it takes you two or three trades to hit that goal, walk away. Don't ever try to force a trade.

If you find that you have made two or three losing trades in a row, walk away. Your mind is not in the game.

I have found that when you try to make as much money as possible in one day, that you will eventually lose big. That's when greed has taken over your mind.

The change that I made in my trading, that has made the largest difference in my success as a trader is that I only trade when I feel like I am in the trading zone. If I didn't get enough sleep, I won't trade. If I smoked cannabis, I will not trade. I only trade when my mind is running at the top of its game. 100% sober. You need every fiber of your brain to be working in the highest order to be a successful day trader. That means treating your body like a temple. You have to eat well, so your body has the proper fuel to burn. You have to work your brain out like you would work your muscles out at the gym. I do this by doing math problems constantly in my head. I will also take a stock and back test my strategy to see how many trades I can hit in a row without taking a loss. Your brain is like a muscle and if you don't use it, your brain will atrophy and your problem solving skills will be in the toilet.

Do yourself a favor and work out that brain!

Remember today is valentines day! Nail some trades and get your significant other something special today!