Trading Summary – October
Winners: 255
Average win: $182.13
Losers: 103
Average loss: $232.28
Win percentage: 71.22%
This last week really messed up my results. I didn’t switch over to the light side quickly enough and it cost me.
Areas that need work:
- I need sleep. For the last couple of months I’m in a constant haze, like a semi-drunk state. Now that the huge work project is wrapping up I may be able to sleep more and better, and improve concentration. I’ve been so jumpy, and move at supersonic speeds when startled (often). Really weird.
- Must read a book on trader psychology and controlling impulses.
- Trailing stops work better than the other kind. Since I trade diETFs a lot, set a wide stop at first, when profitable tighten.
- Not sure what the problem is, BUT… sometimes I’m too quick to take a small loss (scared) even when confident in my setup. Need to give time for the setup to work. At other times, I refuse to see that it’s going against me and don’t cut the trade fast enough. Again, sleep will help to think more clearly and be less afraid.
- Have a more narrow focus list.
Winners (made me money):
MA, POT, MOS, SDS, FXP, LEG, FSLR, MSFT, DRYS, HGR, UYG, JCP, COCO, AMZN, SKF, SDP, EEV, EEM, PTRY, CPO, NDN
Losers (lost me money):
PWE, AUY, SSO, RBS, ENER, BAC, QID, TCB, XOM, AAPL, EBAY, CF, GDX, EL, SLW, HUN
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Kat,
Your stats and comments with regard to psychology highlight a very common problem. It’s given me the idea for a good post, ta.
jog on
duc
Do you have a fix for me?
’cause I need one!
Kat,
Of course. I have a fix for everything.
jog on
duc
I know, you’re very lucky to have Mr. Romulus for a consultant. Envy you! (btw, you never sent pictures of him, with the pipe in the chair and all)
Kat,
He will make an appearance this weekend.
jog on
duc
Kat,
Mr Romulus has debuted his weekend spot from his study. You can click on his picture to “enlarge” his likeness.
jog on
duc