February 2018 monthly review

February is over (thank God) and earnings season with it, now I hope we finally get a come back from small caps in March to offer us opportunities.

Financially this was far from a good month as I had to learn from scratch how to trade large caps and also to adapt to these new market conditions. I, personally am happy with the progress made in the "theoretical" area where I had tested new setups and strategies to see what works and what doesn't and of course I had to take some small losses to learn a few things but compared to last year these are barely scratches.

It has been a tough month for small cap traders I've seen many good and great traders that had taken some bigger losses due to lack of patience and adding too much size while trying to expand their playbook. Basically if you survived this month you did good and if you made significant money you did great!

Earnings season's and slow periods in the market will come every few months and you need to be able to adapt in order to make it and that means expanding your playbook, but if you have a small account that can be very difficult and I suggest to sit on your hands and try and absorb as much information rather than lose money until you find a setup/edge cuz if you have a small account you will go bankrupt before you had the chance to learn something new.

That's what I did, I just stood on the sidelines and observed and some things clicked without me having to lose money others didn't until I lost money on them, that's trading.

So my account growth has stalled this month but that is fine because next time a period like this comes I am gonna be more prepared and have learned how to deal with it.

As you can see down below 2018 is going better than 2017 but February is way below January in terms of performance due to the present market conditions. I hope March becomes my new best month but we will see how things go.

My biggest mistake this month was entering trades without a technical trigger and that cost me every time so this new month March I will make sure I do not do this again. Also another thing I need to improve on is when I do have a setup that I am familiar with to not hesitate pressing the f'in button and entering the trade, as I've done so many times leaving plenty of money on the table. Currently these are the most important things I need to improve on. Let's see how March goes!

Trade well!