These were the thoughts that went through my mind in a bout of recent trades, where even changing the security resulted in the same outcome - being a near-perfect inverse indicator to the respective position I took. But nothing could have been so satisfying as what came out of this realization. We all pay our tuition to Mr. Market, and in this case, it seems to be a tuition well payed for the insights gleaned.
What do you do when you realize you're completely wrong? Well, do the opposite! And that's what I did. Putting aside both my ego and the need to be proven right, I took a step back, essentially traded the inverse of the patterns and practices that cost me money, and magically saw my equity curve reverse.
This was a significant enough moment to make it my first post of 2020. My breakout trading month of mid-March to mid-April was not even enough to start a post. In my mind, I couldn't trust my results without confirmation through multiple months of consistent returns, and with good reason. My recent inverse indicator status proved that. Without going into the details of how I clawed out of my more recent losses and back into the green, the main point I wanted to make here is to closely monitor your outcomes for signs of simple bad decision-making that can be easily corrected by acknowledging that it's not the market, but YOU that is the problem!
Peace.
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