Month Review: March 2016

Net Profit: +$1805. Somewhat of a mixup throughout the month in swings and not recording, so easier to look at total. Extremely tough month, and on the face of it, looks good with +$1805... But of course I had that big undisciplined day which accounts for literally all of that. Take away that, and it's a breakeven month.

That being said, I feel that I made some really solid headway this month. Implementation of multiple things has helped my trading dramatically. I am not sure what to attribute the success directly to: I think it's a mix. Things I have implemented:

(1) Daily psychological preparation/mastery. Cold shower, meditation, midday nap.

(2) Constant journalling throughout the day. I have found this useful as a self reflection method. Whenever I notice I'm doing something I just write down what I should be doing, and then therefore do it.

I will continue to do all this into the foreseeable future.

Have also changed a few things:

(1) Plan for increasing/decreasing size on good/bad days.

(2) Have started swing trading in main account. Keeping the margin tied up from it relatively small. Have had some good trades so far, and some have turned worse case scenario and it still wasn't too bad. Will keep doing this, think it will be a great builder of skill/knowledge, and a nice side income stream.

(3) A plan for opening a dedicated swing account.

The main struggle for the month was stubbornness, and therefore discipline - which was impacting my consistency. However, coming into the end of the month I seem to have overcome that - as a result of actions taken. Really nice to see progress in a problem that has been plaguing me for a few months.