Normally I love times like we have seen recently. The large volume on the SPI, the large moves, the gaps down and quick hits up against the open. I love it. But this time I have not really made much money out of the whole week. Friday was a good day for me but by the end of the day my head was in a mess although I made money. It took until late Saturday to unwind. After reading this article on TraderFeed I'm feeling a bit better about last weeks trading. The last month I have reduced my trades setups to just a couple of more high probability trades. Watching all the action last week and trying to stick with my new trading plan has bent my head, my new plan was obviously not suited to the volatile market, but at least I have not bent my account. This kind of thing happens so often, just as you change your plan to suit a certain type of market the market will frustrate you and also change!
If your head is a little out of whack at the moment you are not the only one, don't throw out you plan just dig deeper. Find what is good and what needs changing. Just like the market has gone through a change recently, whacking the highly leveraged and long and transferring money to the liquid and patient. Now is a time to work harder and refine your plan find what is good and what will work in a changed market. Now is not the time to give up. Speaking of Trader Feed if you want to know how great traders think and develop have a read of this Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology (Wiley Trading) its a ripper.