Barely positive on the week. If I hadn’t been strayed from my current strength, I would be above my monthly target.
Biggest lessons for the week:
- Meditate and journal rigorously to constantly monitor the mind. Retrain that neural network, look at all the shitty software you have installed:
- Post-traumatic stress syndrome: a 0.40% loss on a mega-cap company isn’t the same as a 70% loss on an unprofitable microcap with shady management.
- FOMO: I started trading against my plans 3 times this week because of it.
- Unreasonable pessimism: “I’m useless, I have zero chance at this.”
- Overconfidence: “I met my PnL target last month trading on $VOO, I’m already a skilled day trader, let’s go into $MU and other more volatile names to increase wins.”
- Stick to trading $VOO and $VYM as I had planned. Most of the trading I do right now should be paper trading on TradingView. Accumulate reps. DO NOT TOUCH individual stocks for day trading. You clearly don’t have the skills yet. But you can build them if you do the work. You’ve done it for the last two decades in other related areas, and now you know how to learn more effectively. You can do it.
… if you do the work.