Trade Journal 10/23/19

Today was not bad as far as results. I closed slightly higher than 100% of my daily profit target. I made some very stupid mistakes to get there. I was sitting on two and a half times my daily loss threshold. Last night I got no sleep, with a son that came down with Croup, poor little guy. I showed up to the trading desk not prepared at all, tired and dehydrated. I started by taking a position in $CPST. There was really no reason to take the trade, other than just to get into a trade. I picked a fight without sizing up my opponent. I got kind of heavy in my position also! This could’ve ended really bad. That wasn’t the last of my reckless trading decision either. I traded 5 stocks today, and only one had a decent setup. The rest was getting into a battle without a plan. The lesson of the day is not to trade just because I can. I need to wait for the right setup, and things will go a lot smoother. There is nothing I dread more than having to tell you all or my trade journal that I lost several times my max loss, and did’t follow my own rules. After all, our rules as traders are what sets us apart from the fabled 90% that wash out.