Today, I had a bad trading day. I knew I shouldn’t buy a NVDA breakout impulsively, but did anyway. I couldn’t help myself. My inner self had lost control. I’m in a drawdown, and am acting in an impulsive way, with much too much size. I need to stop. On […]
Author: tradermedic
How I Still Make Bad Trading Decisions: A Personal Reflection
As a trader, I often find myself navigating the unpredictable waters of the financial markets. Yet, despite years of experience and knowledge, I still make bad trading decisions. This past Thursday was a stark reminder of that reality. I entered the market with high hopes and a confident mindset. However, […]
5 minute candle stick patterns matter
Today I had the correct thesis, but a poor entry. Look at the chart below. The first chart is the 187.5 PUT option. The second chart, is the underlying stock TSLA. Today was a lesson in the cost of impatience. I decided to short Tesla. It had been running up […]
Mastering the Art of Patience in Day Trading: A Hard-Learned Lesson
Last Friday started like any other trading day, filled with anticipation and excitement. Armed with a solid trade thesis, I eagerly dove into the market, ready to capitalize on what seemed like a promising opportunity. Little did I know that impatience would lead to a costly mistake, teaching me invaluable […]
The Fed Day Fiasco: A Lesson in Discipline and Patience
Every trader has their set of rules, born from the hard-earned lessons of the market’s relentless classrooms. One such rule that I, and many others, hold dear is to avoid trading on Federal Reserve announcement days, colloquially known as “Fed Days”. These days, when the Federal Reserve, led by Jerome […]