Last week, I started a new practice of snapping a screenshot of my daily trading p&l and then sending it to my wife. She’s a kindergarten school teacher so she’s not by my side while trading.
I’ll highlight the closed p&l and send it to her after I’ve called it a day.
Last week she’d reply with things like “you’re awesome!” or “Wow! Good Job!” or “WHOA are you serious…you just made that?”
I don’t do this because of the money or that I’m trying to impress my wife (well maybe I am a bit).
I do this because my wife is my accountability. We’ve had many deep discussions about the market and my passion for this as a profession. With so many discussions, she knows that if I lost too much of our money, it’s because I didn’t follow my plan and rules were broken.
Today I lost.
I lost a lot more than my plan and rules allow.
Funny thing being a trader. It’s truly funny how many times something needs to happen to you before you submit and say “Finally… I respect you Mr. Market”. Or “ok…I’m never doing that again” and then you do it again a week later.
Had I followed my rules and plan…I could’ve been proud to send my wife that screenshot again today, red or green. I could have displayed a fine example of discipline. Because, as I said, it’s not about green or red.
It’s about being able to harness the strangely strong emotions that somehow take over your entire body while in a trade and be okay with the outcome, because you have RULES and you PLANNED!
I didn’t follow my rules nor my pre-market plan. I abandoned it last minute…and I paid. I found something else that looked so much more exciting.
Today was the first screenshot that I’ve sent her where I clearly didn’t follow my rules, my system, or my plan.
I didn’t want to send it…but I did. (she still loves me)
Her response today was “that’s okay, tomorrow is new day”.
That’s right…tomorrow is a new day…thanks babe!
Going forward, accountability be my guide.
- Respect my rules.
- Follow my system.
- Don’t deviate from my plan.
If I’m wrong…I’m wrong. But I still win…because I followed 1 – 2 and 3.
If the market moves against me, I’m still a winner. I might be red…but at least I’m not bloody.
Today I’m bloody and I’d love to be “just red”.
Going forward…accountability will equal results.