Bada-boom, Bada-bing

I signed in late this morning and missed my morning trade.  I got connected just in time to watch the market in a free fall and as my trading teacher and mentor has always said, "don't try to catch a falling piano".  So I stepped aside and waited for the bottom...eventually there is always a bottom as there is always a top.  After it finally bottomed out, I looked over the market and found two trading opportunities that both netted the profit that I was targeting...bada-boom, bada-bing.

I did simulate a trade during the fall this morning and learned a very valuable lesson about trading within the day's initial balance (IB).  The "sim" trade was very profitable and I enjoy those as much as my live trades that net real cash profits.  I enjoy the art of the trade so to speak.  I never thought that I would say this, but the trade means more than the profits, because if you can get the trades right by reading the market correctly, then the money will come.  The profit starts to become expected.

My second trade today, for example, went against me right away.  I used to get pretty uptight when a trade would go against me, but I had a pretty good idea of where it was going, so where it was at the present time didn't bother me.  I was not anxious.  I just had to wait a little longer to hear those words..."target filled".  The profit is great, but knowing that I read it right was even better.

I know that a potential losing trade is right around the corner.  When I have one of those days, I will let you know too.