This week had its ups and downs, but that’s just part of trading. Some days the market hands you easy wins, and other days it feels like nothing goes right. The key is sticking to the process and managing risk no matter what. Let’s break it down day by day.
Monday
The first trading day of the month kicked off with a solid win on BTAI. This stock had everything I look for. It actually went beyond my expected target range, which is always a bonus. These kinds of trades have been common lately, and when the market is in this mode, it feels like trading is easy.
But then, things took a turn…..
Tuesday
Only one stock made my watchlist: MASS. It checked all the boxes, so I followed my rules and took the trade. But this one was frustrating. I took three separate entries, and each time, it produced a false breakout before hitting my stop loss.
The tough part about trading is you don’t always know if a stock will follow through or if it’ll turn into a choppy mess. In hindsight, it’s easy to say, “I should’ve skipped this one,” but if I didn’t play all the stocks that met my criteria, I’d miss some of my biggest winners.
Wednesday
Another tough day. I traded MASS again along with CYCU, and neither hit my anticipated targets. This gave me 5 losses in a row. After a losing streak, it’s easy to start doubting the strategy (and yourself), but this is part of any trading strategy.
A common mistake traders make is assuming wins and losses will come in an even, predictable pattern. But the truth is, you never know how they’ll be distributed. You might win 10 in a row, lose 10 in a row, or bounce back and forth. The key is staying disciplined no matter what.
Thursday
Nothing met my criteria, so I sat on my hands. No reason to force trades when nothing is setting up properly.
Friday
This was the trade that saved the week. GV popped up on my intraday momentum scanners, signaling potential for a next-day continuation move. I waited for confirmation of a #3 pattern, and once it formed, I jumped in. The stock hit my target at $9.23, locking in a solid win.
Even though I finished the week slightly down, this trade helped recover most of the losses from earlier. And that’s why it’s so important not to let short-term results cause you to deviate from the strategy.
Final Thoughts
Losing weeks aren’t fun, but they happen even in a strong trading system. What matters is keeping emotions in check and focusing on the bigger picture. A few rough days don’t define the year, but breaking discipline and abandoning strategy because of them will.
On to next week!