Friday, July 28, 2017

AMD, NVDA, Targeting my bad habits

AMD


AMD hit ~13.7ish.  I know that I most likely wouldn't have held that long as it is. But because I gave in to fear and didn't follow the plan I had setup with a $20 loss as my risk.  I accepted at $12 loss and missed out on a potential ~<$180 profit.  Overall, I think this is the first time i've developed a short plan ahead of time with specificity.  Best planning yet, but execution and handling my emotions was the key problem here.  On top of planning ahead, I MUST ALSO, play out the trade AND EMOTIONS through my head ahead of time.

NVDA


This was just a nice swing I had.  My entry was too early and was in the red for a week but didn't hit my stop loss.  The 1st green line is pointing to the wrong candle there then I started adding on the way up.  The last 2 adds were speculative and lost money on it but I had adjusted my risk and had trailing stops in place to lock in profits.  Overall, Initial entry could have been alot better, but the adds and exits were spot on as planned.  Note:  I used hard stops for my swings since I don't babysit them all day.

TARGETING BAD HABITS

My analysis and planning on paper is now profitable but the execution is where i'm struggling alot.  I have learned from my mistakes and created systems to mitigate them but I struggle in the execution of the plans.  This is habitual and my main priority for this next week is to dissect my bad habits and find a way to change them for the better.

HIT LIST for the week til Aug 3rd, 2017:
1)  Power of Habit by Charles Duhigg
2)  Smarter, Faster, Better by Charles Duhigg
3)  Emotional IQ 2.0 by Travis Bradberry
4)  Listening to Grant Cardone Daily