Ever go from having your best day ever to negative?  Below is a recap of one such experience.

Big Baby did a wonderful job of analyzing his trades from yesterday.   He was frustrated that he went from his best day ever to negative. I thought we would share his post trade review.  The only way to get better as a trader is to work at your craft.

Bella,

Today I was having a great day early on.  I was trading well, focused, and felt like I was seeing everything really well.  My PNL reflected that.  Then, in a couple of trades everything changed, and I ended the day much worse than it should have been.  I have attached an excerpt from my TAS.  I would like for you to look over my analysis and please add your comments.  I know that these types of experiences are part of growing and becoming better as a trader.  There is no doubt in my mind that I will be successful in this business as long as I come in everyday, bust my tail to become better, and do the work that is demanded of me by the market.  However, it doesn’t make this any less frustrating.

Check out the spreadsheet from Big Baby on all his trades in CSC and his comments here: CSC 5-26-11

We just got out of a Tradecast where we reviewed Big Baby’s trades and offered suggestions.  The only way to make things better is to get your hands dirty and find a better way to attack your trading opportunities.  You can pout, and blame, and swear all you want that is not gonna make you better.  Exercises like the above will.  Work like that of Big Baby’s above will.  This is the path to your best trader!

Mike Bellafiore

Author, One Good Trade