Friday’s Results: The suggested short @ 4116.25 was only good for a 7-point “scalp.” The breakout long even less at 4.75 points.
Quick Tip: What You Did Right
If you’re a regular reader of this blog you know that documentation and review of all your trade setups (taken or not) is essential to improving your results.
It’s easy to skimp on this work by focusing on the losers. Your instinct is to understand why you lost. Was it something you did wrong? Could you discover a changed to your trade plan that is beneficial? Or, was it meant to be as a natural part of the win/lose paradigm?
An excellent method for reframing your attitude positive is to focus equally as much attention on what you did right. It’s too easy to ignore this. The trade worked. You were profitable. Why explore that? Because reinforcing through review and thoughtfulness what you did right will cement those good habits.
Whatever you feed your mind is what you’ll get in return. Focus more on the positive outcomes to become more confident and successful.
Today’s Best S&P Turning Points:
Sell 4292.50 stop 4297.50.
Buy 4063.75 stop 4058.00.
P.S. Did you know there are specific tools and formulas you can use to change your personal psychology about trading to improve your results? Learn how to change your unwanted behavior here.