Wow! …… didn’t’ realise the weather was going to be like this today, if i had maybe i’d of even taken it off!!
On the down side trading in this sort of heat is not fun! looking at todays ‘silly mistakes’ i’d even go as far as to say its counter productive. I spent most of the day in a pair of shorts flicking myself with cold water, fan on full blast. Looked like a lovely day to be at the Goodwood festival though.
Today was by far the toughest day yet i thought, the Goodwood races were very close behind other tracks races which had an effect on liquidity which didn’t really suit my approach along with what felt like a tugging to and fro between traders. I made a couple of hideous mistakes throughout the day which wound me up even more with the heat, come the end i took a small break which i think really helped me get back on track.
It hasn’t been a while since a single result wound me up so much and considering the size of the loss it really shouldn’t have phased me but i think it was more a case of i felt like i had missed out and done something foolish!! if you’ve read trading in the zone i’m sure you can instantly relate to how i felt. I forget which race it was now although i know it was one of the Goodwood races i found myself around £80 in profit with an open position, i knew i should have been starting to exit although greed reared his ugly head and i held on with the end result being just in the red shortly after.
Anyway, here’s today’s tally of ‘silly mistakes’ (the worst yet)……..
-12, -24, -7, -38, -23, -21, -80, -20, -62, -16, -6, -17, -44, -26 Total = 396
I’ll update tomorrow too although it might not be until saturday as i have my boy for the weekend and probably won’t have time in between trading and collecting him! Hopefully the weather will be this good for the weekend!!