Friday, 23 September 2016

Improvement: 09-22-2016

After a sloppy day have the most to learn. Lucky to come away with a positive day, could have easily gone the other extreme.

Started off the day with a great mindset. As time went on it slowly slipped away over time because nothing was really working. Eventually I guess you would say my "pysch" capitulated into stubbornness. Best thing to do would have been to identified when I started to go a little over the edge (around 10:30 when I should have been offloading positions into favourable pops, and willing to take losses, without being stopped out).

10:30 is a pretty important time of the day for me, because it is when I switch into "trend determined by vwap" mode. To note this time of day I think it is a good idea to take a record of how my psychological capital is feeling at this time of day. If low, then close out positions at favourable prices and take a wee 10 minute break. If fine, then it's okay.

This likely won't have an impact on 90-98% of days. But the days when it helps, will make quite a big difference, potentially would have saved me a few grand today - and therefore put me in better position when trading SAEX later on in the day.

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