I just want to make the best decision today, but at this point, I don’t even know what that is or how to do that. Forex hasn’t worked, my own watchlist hasn’t worked, working the sizzle index hasn’t really worked, watching trader TV hasn’t really worked. Maybe I’m trying too many things, but I just don’t know what to do. Maybe today’s not the best day to trade since I feel like this, but this is the only day I feel like I have to trade. I guess I’ve done better in the past couple of weeks, trading with my girlfriend back home, but I did fuckall yesterday, so I was hoping today would be better. I’m not sure it’s going to be. I think I nee
I took a small break, sipped some coffee for a bit and am feeling a bit better. Trading is complicated, and a lot like golf. I’m not going to be able to drive the best or chip the best or putt the best. Some people might be able to read greens better than me, but maybe I’ll have more touch up to the hole etc. What I’m trying to get at is: There’s no right or wrong way to trade, as long as you know why you’re doing what you’re doing, and consistently improving, and the only metric of success is money.
Just because I don’t see what someone else sees, or see something different, or, hell, see the opposite of what some others may see, that’s fine. It’s going to happen. It’s going to happen in the vice-versa. Just keep swimming, keep looking for patterns I recognize, stay positive, and try to make the best decision today. I’m going to start with the few stocks that Corey called out on Twitter, then I’ll look at my watchlist and then, if I can’t find anything from there, I’ll check out the Sizzle Index. You got this!
I gave it a shot. I tried to look at my watchlist, when I came across LYFT. It gapped up this morning, but was pushing down a bit, and I thought it might fill the gap to the downside. It’s been down overall and Equities are, too.
Initially, while I liked the stock short, I didn’t see any patterns that I recognized to enter in to. I wasn’t sure if that was my best decision, but I don’t know how I’d know. Sure, I could’ve come across a better-looking chart pattern, but that doesn’t mean the R:R would’ve been there, and also, there have been many times where something like LYFT’s chart looked like the most promising after doing more research and I didn’t want to miss it. Again, how am I supposed to make the best decision when the best decision is going to be different all of the time, and sometimes today’s best decision might be yesterday’s worst decision or vise versa……
Anyway, I went to the bathroom, came back to the computer, and LYFT was now making a move that I did like. It pushed through the support it made after the gap up, and was at the time retesting that area. It looked like something I wanted to short in to, so I ran the numbers and decided I’d do it. I tried to open ThinkorSwim, though, and I couldn’t get the box for my password to activate. My Tradingview crosshairs weren’t working this morning, either, so I knew the computer was being a little slow, but I didn’t think it was so bad that I wouldn’t be able to even open my trading app. I’m just frustrated. It really feels like 2 steps forward 3 steps back in a lot of ways. Or maybe it’s 4 steps forward and 3 steps back, and It’s just a much slower process than I thought/hoped/wanted. I’m not sure what to do today. I’m going to restart my computer now (even though I’ve got a lot of tabs open…) and maybe come back to the charts, but probably just focus on something art-related (maybe) we’ll see. I need change.