Being an Idiot
For a start I thought Blinkx would take time to recover to there recent highs and I ended up taking a £500 hit on these. I bought at the top in the hop of trying to catch the market 'again' and once again it got me, this type of trade is quite clearly my orphan archetype playing out and my 'fear of missing out' becomes a self fulfilling prophecy.
I am going to update this journal every day after going through the journal entries that Randy supplied..
I did enjoy listening to Sterling about trading this week and am really interested in what he says about what trading can make of us as people. I have Randy and Tony telling me that 'Every disciplined effort carries multiple rewards'. I also have Dr Paul's patented system of using courage to achieve my goals as well as Randy Howells 'Summon the Heroes' video to help me with this.
These methods are important so I will list them;
- Summon the Heroes (Randy Howell)
- Using Courage (Dr Paul)
- Every disciplined effort carries multiple rewards. (Tony Robbins)
- Every time we use discipline and courage - it increases our levels of discipline and courage.
OK, well back to Friday and I did get a DTFL trade
Now, this trade started out well enough but there was a stop run against this trade which hit the 55 EMA at which point I took about 12 pips of profit, which was exactly in line with Sterlings teachings.
OK, so once again, I really really want to see if I can find out what if I have what it takes to be a disciplined trader, its a LOT harder than I thought it would ever be, obviously, and I have learned not to out-think the people who have clearly already made the same mistakes as me time and time again.
ONCE MORE INTO THE BREECH MY FRIENDS.
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