New Developments and Catching Up with Posts

As much as I hate to say it, I feel like I have been neglecting this blog for a little while. However, I haven't been slacking off, quite the opposite actually. I do have a few key developments that I think I'm ready to share.

News 1: TopstepTrader

After lurking on their Facebook page for quite some time, I finally made the jump to a $50K combine. Paying around $200 CAD a month, I am enrolled in their funded trader program. Once I complete both "steps", I will be assigned a $50K trading account. I feel like I need to take this step up to dive further into trading.

I'm currently about 10 days into my trial and I'm sitting at $1.1k profit, just $2.9K shy from my profit target. A little disappointed in my performance this morning that costed me a bit over $800. Going against everything I know, I took a less optimal position on a major level that needed time to play out. By not being patient with the market, this was such a costly mistake setting me back from my highs of $2.1K in profit. Anyhow, I will still be chipping away and building up. My short-term goal is to pass this Combine and secure a funded account.

News 2: Pausing poker

I'm not sure if this is even news to be honest. I have been playing poker every Friday, but I recently made a decision to stop. Given that my off days are Thursdays and Fridays, I lose a trading day when I go play poker - opportunity cost. Given my efforts to ramp up trading, the next step would be to dedicate focus two days a week to the markets. While my trading has a technical focus, I feel like I am losing out on the time it takes to keep up with the market fundamentals and news. Hopefully, this will enable me to be a bit more in-tune to the markets.

News 3: Commitment to weekly posts

I set this blog up mainly as a way to monitor and journal my trading psychology as I believe this aspect is more important to me than documenting how each trade did. Rather than documenting a profitable or unprofitable trade, I think it's more important to document my decision quality and analyze what I could've done differently. After all, the state of my trading is on psychology and mentality. Just quickly reflecting on my faults, I still have the tendency to overtrade during FOMO situations. With that said, I'm officially setting this commitment to post at least once a week after my morning trading session on either Thursday or Friday.