$120 Well Spent
A day trade that cost me money but bought me confidence
Chat!
Welcome to…
Happy Cinco de Mayo!
Y’all don’t judge me, but I was today years old when I found out Cinco De Mayo is a baby Independence Day for Mexico. All the tacos and tequila being passed around is actually for the celebration of the Mexican army’s unexpected victory over French forces at the Battle of Puebla on May 5, 1862.
Who knew?
Apparently not me… because schools these days ain’t teaching nothing worth knowing.
Anyway, that’s neither here nor there. I really jumped on here to yap about my horrible/magnificent day of trading.
But first things first…let’s get into the books helping me grow financially this week.
Book chat:
I haven’t picked up “How to Day Trade for a Living” in a minute. Finance bro talk hasn’t made the list of conversations I wanted to have this week… but “How to get Paid for What You Know” definitely did.
Getting paid for all this information upside my head is most definitely on my current to-do list. There’s so much knowledge between the books I’ve read and the actual life I’ve experienced that needs to be shared. My only problem is learning how to package it up so it’s delivered properly.
Substack is helping me work on that. Right now I’m learning day trading, and this is my sacred little space on Google’s internet to share it.
This Week’s Road to Riches Journey:
I’m only two days into this week’s trading, and today has been the biggest epiphany so far.
This morning at 8:20am CST, my Bestfriend called me so we can pregame the trades we’re going to enter for the day.
When your trader friends say…
trading will reveal the emotions you hide…
Believe them. They’re NOT lying.
I swear I’m soooo disciplined until that first 15-minute candle prints and then FOMO makes a liar out of me.
Bestfriend has been locked in for the past two weeks watching me call A1 trade setups and also not answer the call of making money.
Every time I peep an FVG with motion in the right direction, I’m like
“yeah… we need to jump on a SPY call.”
And sure enough, whatever I say happens… but “I” never actually press the button to buy the contract and print off the money.
Doubt be having me in a chokehold.
Right now typing this I hear my Bestfriend telling me:
You gotta trust yourself more.
It’s vital to keep a friend or two around that knows how to speak life into you.
5/5 felt like the perfect day to take Best-friend’s advice. It was in sync with number 5’s energy.
Before IWM’s FVG could close, I kept getting a feeling to jump in a $280 put. I called out exactly what I saw happening, and Bestfriend hyped me up like he always does.
Whatever words he said encouraged me, and I became confident. So confident, I started focusing on what I was seeing and letting go of the need to control what I couldn’t see simultaneously.
After patiently waiting for a rejection at the order block, I jumped in the 15 min candle buying a $280 put.
All of this completely going against my strategy of waiting for the first 15-minute candle to print before buying a contract to trade.
Right off the bat, I profited $20.
If y’all been chatting with me, you know I was supposed to see $20 take $20 right then and there…
but I didn’t.
I held the contract longer off the strength of the FVG, and the high probability of an additional $286.
A flaw I’m actively working on is releasing my need to be in control.
I’m ready to be able to make decision’s based on discernment and ride or die with them. For better or for worse.
After buying the contract, I realized it didn’t even matter if I made money or not. I had just beat a fear. And no amount of money can compete with that.
Fast forward to 3:00pm central time …Sure enough, I’m sad to say I lost $122…
but in the same breath I’m proud to say I gained 100% more confidence in trusting myself.
My spirit shed a little piece of fear of abandonment during this trade.
One of the greatest lessons life has taught me is…
do your best and forget the rest.
Your best is always good enough.
I absolutely can not wait to wake up tomorrow, open TradingView, and run across another opportunity to trade.
Y’all just pray I do better honoring the boundaries and standards I’ve set for myself.
My fire is getting ready to go out so this must be the end of our chat. I hope y’all enjoyed this impromptu, off-schedule conversation as much as I did.
If you want to keep this conversation going tomorrow, become a rich cousin so you can have access to all my irrational and rational trading decisions in real time.
Chat soon,
Candice 🤎
I hope you know how encouraging these stories are ♡