Weak Week

Here is a quote that a friend shared:

"The mistake is not being wrong, the mistake is staying wrong" -- John Hill

That sums up my week.....if I continue to make the same mistakes next week.  The mistake is over trading.  I learned a few new trading methods which enticed me to trade a bit more; however, what has not changed is the requirement to wait for GREAT setups.

Critique:

Good: 
  -Cutting losses.   Greatly improved as week ended.

  -Recognizing proper trendlines.

  -Market structure awareness.


Bad: 
  -Taking too many sub-par setups.

  -reentering trades when not appropriate.

I am very excited for next week.  Apply my goal of restraint each day.

"Remember, the best traders think in a number of unique ways. They have
acquired a mental structure that allows them to trade without fear and, at the same time, keeps them from becoming reckless and committing fear-based errors. This mind-set has a number of components, but the bottom line is that successful traders have virtually eliminated the effects of fear and recklessness from their trading.

However, eliminating fear is only half the equation. The other half is the need to develop restraint."

Mark Douglas,  Trading in the Zone