Risk Management
You Start Losing Money You Never Made
March 23, 2020. The market is moving fast. Really fast. COVID has turned normal trading days into something else. You're watching ESM20. And you're watching one level in particular. 2175.
Risk Management
Risk Management
You Start Remembering Yourself Differently
You flip back through the notebook. Three months. Six months. A year. Charts glued to pages with a glue stick you swiped from your 4-year-old. Then you stop. There's an entry you don't remember writing. Good day. Stayed with the plan. Huh.
Risk Management
You Start Trading to Get Back to Even
Fifteen minutes before the close. You're down $50. One quick scalp. ES is moving. You don't need much. One point. Two contracts. Make back the fifty. Shut it down. Finish the day flat.
Risk Management
You Become What You Repeat
The trade moves against you. Closer to your stop. Your hand moves toward the mouse. Click. You move the stop. Just a little. You've done this before. But maybe you don't remember where it started.
Self awareness
You Start Keeping Two Scoreboards
Friday afternoon. Best week you've had in months. +$1,840. Your wife walks by. Good week? Yeah. Pretty good. And it was. That's one scoreboard. But later that evening something about the week is still bothering you.