Review of September

Summary

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I made just over $1500 for September. I'm not making enough obviously. It's the same old same old reasons which are preventing me from making triple that amount.
I continue to lack the patience to either let my trade properly develop, or hold on longer for larger profits.

On the discipline aspect, I have fortunately gotten into the habit of planning out many of my trades. Now I just need to reinforce that habit by planning out all of my trades. I overtraded I think about three times this month, so that is actually an improvement for me. However, sometimes, I lack the confidence in pulling the trigger. On more than a several occasions last month, I have seen the market tag my support/resistance numbers and bounce from it. I'm not sure why I lack the confidence in pulling the trigger to enter the trade. Could it be the prior mistakes that are feeding my fear of making a trade? Could it be that I am starting to trust less in my ability to perform? I don't know the answer myself.

Obviously the dollar figure of my profits is very inadequate to make ends meet. If I am unable to improve upon these results soon, I may have to put this dream of mine on hold.

The biggest thing for me to work on is to reduce the number of mistakes that I make. Sometimes I just lose focus and don't think often enough about measuring the risk of a trade. Obviously I should be assessing the risk of a trade at all times, but sometimes I just forget to do so, and I wind up entering into a high risk, or a low probability trade.

So, the three process goals for October:
1. Always be mindful of assessing the risk of a given trade. The majority of my overtrading problems could be reduced from constantly assessing risk.

2. I am a scalper by nature. Many of my trades are usually 5min. or less. I may as well start working with that reality. If I work from the assumption that every one of my trades will start off as a scalp (even though it could develop into something more), then that would go a long way in improving my consistency.

3. Document the losing trades. I've noticed a recent tendency to sweep my losing trades under the carpet. But I should be doing just the opposite, and shine a bigger spotlight on them so that I can learn from those losses and use it to improve my trading.