Losing streak officially over!

I am happy to report that my extended losing streak is officially over! 

This month I had a win rate of 90%, with just one small red day.  I was able to bring in $3,485 in after commission gains.  Not bad for my reduced size and only 10 days where I actually placed a trade.  You will see that I missed 6 of the 21 trading days this month due to work meetings–way too many meetings this month.  There were 4 days where I did not place a trade simply due to not finding a setup I liked or hesitation on my part. My average green day was $390 and my one red day was $55.

I started to feel a shift in my trading this month.  I was much more disciplined, my risk was more controlled, stops more defined, and I never once I got emotional in my trading.  There was not a single trade where I risked my max trade “Oh-crap” stop loss number.  My selectiveness this month did result in days where I didn’t take any trades, but that is ok.  Overall, I feel much better about how I traded and not simply because I ended the month green.

I believe one of the best things I did this month was open up about my losing streak.  The huge outpouring of support and encouragement I received was truly humbling.  After opening up about my losses I felt a shift mentally that really helped me move past what was my worst losses of my career.   It was like a weight was lifted off my shoulders and I could finally move forward.  I felt my confidence start to come back.  But most importantly, I started to feel hope again in my dream.  I am so grateful for all those that reached out to me.  Thank you!

For next month I am going to keep my size small.  My main focus will be continuing to grow my confidence.  There were still too many occurrences this month were I hesitated and missed some great trades due to my lack of confidence.  This hesitation is understandable given where I just came from, but I want to work on it.  I will never completely eradicate all hesitation, but I still have a ways to go to get back to where I was pre-losing steak.

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