My apologies for the long hiatus. After realizing that trading full-time did not suit my temperament and lifestyle needs, I decided to put in a hard stop on my f/t trading and to return to f/t employment. I was falling into the trap of overtrading, due to having too much time on my hands during each trading day. The markets don't always move or present profitable setups, and it is during these slow times that one often develops itchy fingers and jumps into a market for the sake of having a position to follow. What began as a series of compulsive trades (during the first few weeks of my f/t trading last September) over the course of the following months developed into a habit (of entering low probability trades). When this habit of overtrading became ingrained, I realized that I had to end this destructive habit, and decided to stop trading f/t all together.
That being said, there are individuals who can trade f/t successfully, dealing effectively w/ the slower moments during a trading wk. One can turn to exercise, reading, any number of hobbies, or perhaps running some side business. Another approach is to trade with a group of individuals, where camaraderie and the ability to bounce ideas off others can help keep one objective and disciplined.
Going forward, I'll be limiting my trades to swing opportunities, and will strive to only enter the highest of high probability trades (where a trend reversal is beginning on the weekly and daily charts). I'll begin incorporating market views into my blogging going forward, to add accountability to the trades I intend on entering.
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