Daytrader 233 wrote a blog post about his mental status during and after a successful trade.
I thought I would add to the conversation with my two trades today. Trade number 1, which I have titled, I am moron, shows a big up move with many blue bars and the cheers of successful traders along the way.
Solfest's entry endured heckling from the peanut gallery and ended with tears and the gnashing of teeth.
I am moron.
Trade number 2 which I have titled, I am genius, shows a nice downtrend, a thoughtful entry, and target reached.
I am genius.
The truth of the two trades is that both were successful. Both trades met my guidelines completely, I took both trades and executed the in flight plan perfectly, and I accepted the outcome from both as part of the business.
Money management took 13 ticks on one and money management gave 55 ticks on the other.
The moral of the story is I am neither moron or genius, (although I am human and therefore could be stupid) I am simply following a plan that has statistical merit.
It's just that easy.
It's never easy, unless you can somehow get into the Long & Wrong robotic mindset and stay there. I get there, but I don't always stay there. I guess I am stupid.
But I'm not a moron or a genius, I'm a trader.