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November 11th, 2005 by eyal | Filed under Day Trading. |
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I was totally knackered last night - Friday night in NZ, after work drinks.. you get the picture. So I thought I’d skip the 4am Saturday morning wake up for trading but then the alarm clock rung and I got up and reported to my PC as usual for the last couple of weeks. I’m a night person so usually don’t function too well in the mornings but one thing that did remain from my compulsory military service is the ability to wake up (or go to sleep) at any time of the day in zero time from alarm to up on my feet so I almost never snooze or go back to bed.
Anyways, it was a good thing I did trade today since there was some really good market action and other than 1 stock (KG) all stocks on my watch list (see previous entry) played quite nicely the dummy style and that was reflected in my P&L for today. The lesson learned (or actually reinforced) is that I HAVE to be consistent in my approach to trading or else I miss good days, I lose touch, I make mistakes, I have to re-learn things etc. I need to make a huge poster for my wall with the words: Consistent And Persistent Effort and Commitment. (CAPEC®)
