This Sunday on StockTwits TV at 8:30 PM I will be discussing an Optimal Trading Day. I will discuss how some define an Optimal Trading Day, how not to define one, and offer a suggestion as to how to define an Optimal Trading Day.
What I mean by Optimal Trading Day is what is a great day for you. What is the best day for you? How do you define a perfect trading day for you?
Please share in this blog post and we will discuss on my Sunday night show.
Enjoy your weekend!
10 Comments on “Optimal Trading Day”
An optimal trading day for me would be one where I followed my plan and took the exits as planned. Usually I lose my nerve in all the action and exit too soon before my target profit.
An optimal trading day for me would be one where I followed my plan and took the exits as planned. Usually I lose my nerve in all the action and exit too soon before my target profit.
An optimal trading day for me would be one where I followed my plan and took the exits as planned. Usually I lose my nerve in all the action and exit too soon before my target profit.
Thanks.
Thanks.
Thanks.
Best trading days are when the market offers opportunities based on my best trading setups and the trades culminate in a profitable day. Second best are days when I have traded my setups and taken losses that have limited my downside risk even if it means ending the day down a bit. Second to worst days are when I end in profit but due to sloppy trading; this has the potential of re-enforcing a bad habit that could cause greater damage later. Worst days are ending negative due to not taking losses properly.
Best trading days are when the market offers opportunities based on my best trading setups and the trades culminate in a profitable day. Second best are days when I have traded my setups and taken losses that have limited my downside risk even if it means ending the day down a bit. Second to worst days are when I end in profit but due to sloppy trading; this has the potential of re-enforcing a bad habit that could cause greater damage later. Worst days are ending negative due to not taking losses properly.
When I learn something new, or a new thought is confirmed I end the day feeling I accomplished something.
G-Man mentioned something the other day that hit me at the right time. He was talking about “paying for information.” Just that phrase changed my view about sending out “feelers” into the market, and what the attitude should be if the trade doesn’t work out.
After a few days working with my attitude adjustment, I saw improvement.
I know I had an optimal day when I’m disappointed when 4pm is near. Whether I am red or black, I know I will improve tomorrow because I learned something today.
When I learn something new, or a new thought is confirmed I end the day feeling I accomplished something.
G-Man mentioned something the other day that hit me at the right time. He was talking about “paying for information.” Just that phrase changed my view about sending out “feelers” into the market, and what the attitude should be if the trade doesn’t work out.
After a few days working with my attitude adjustment, I saw improvement.
I know I had an optimal day when I’m disappointed when 4pm is near. Whether I am red or black, I know I will improve tomorrow because I learned something today.