Saturday, 26 March 2011
I feel as though a huge weight has been lifted from my shoulders. For the first time this week and possibly the first time in over a month, I traded with almost complete freedom. Every trade I executed without fear and followed my strategy almost to perfection. Hell, I think I even ENJOYED today! I'm certain that if I'd gone into today's trading with the anxiety of yesterday, I would not have done well, so the bank management has made a huge difference. The pressure of failing and picking up reds has dissipated. I still have that underlying anxiety about my overall financial situation but I now realise that the only way I'm going to overcome this is to trade as if I am a novice again, starting at the bottom with relatively small stakes. If I can stabilize and then grow slowly in the short term, it shouldn't be too long before I can up my stakes again because I have everything else in place that a novice wouldn't have - a solid strategy, market knowledge, experience and awareness of the mindset required. All today's profit was gained from a stake that was 3 times smaller than what I had become accustomed to using. What a difference it makes to be able to trade without fear - I've gone from a day where every trade was red to an all-green day!
The strange thing is, all of those wins came from me using my old strategy. As of today, I will refrain from all this old and new strategy speak. The fact is, I have several different strategies which are adaptable to different situations and so the new ideas that I have been paper-trading so successfully, will actually now become another string to my bow. So when I refer to my strategy now, it will just be a collective term for all my systems, I won't be ditching anything.
Tomorrow sees the start of TV coverage from Miami - FINALLY! The first week of Indian Wells and Miami are pretty much the only 2 weeks of the season where there is no stream to watch until the weekend. This has undoubtedly impacted on my trading, as I've been far more hesitant to get involved than usual. So hopefully, things will continue to improve as the tournament drives into its second week. I certainly won't be getting carried away by one good day though. This is going to be a long, slow process, very unlike the way I've attempted to trade in the past. Getting ahead of myself is a reaction that is every bit as dangerous as the paralysing fear I've experienced lately. However, this time, I'm ready for it.