Weekly Review Sep 3/5

GTOs from Last Week:

GOALS FOR THIS WEEK:

1)  Find out how to locate shorts on IB Didn't Do
2)  2 Webinars a day Done

TRADING GOALS FOR THIS WEEK:

1)  Scan EOD + F3 Patterns Only Done
2)  Watch first 4hrs and trade 5min PB or Mid-day Perk on Pos Cat Only Done

Thoughts:

Mon - Fri, 6,7.5,8,13.8,18 Pomos for the week.  53.3 Total.

Lotsa of the webinars weren't stored so I am caught up to the current Dux Webinars.  I am struggling with impatience however and will probably show in my trades this week.

GTOs for the current Week

- Check IB process for short locates
- DUX DVD Review
- Reapply Habits/Routines

GOALS FOR THIS WEEK:

1)  Find out how to locate shorts on IB.
2)  2 Webinars a day

TRADING GOALS FOR THIS WEEK:

1)  Trade patterns on Go To Setups only
2)  Timeout 1 day if I zombie/revenge trade
3)  Timeout 1 week if I zombie/revenge trade on 2nd violation
4)  If there is no play, MUST picture in mind and practice the go to setups.

Weekly Review Sep 2/5

GTOs from Last Week:

- See where my request stands with Correlli Clearing Gave up, will focus on IB for shorts and Longs on Speedtrader until I can get the right brokers for shorts up.

- Check IB process for short locates In my list for the week

- DUX Webinars 8,6.4,6.5,0,8.8

GOALS FOR THIS WEEK:

1)  Find out how to locate shorts on IB and Speedtrader.  This is more important than the webinars. Didn't Do
2)  Slowly get back into the webinars, 2 webinars a day.  Did this very well

TRADING GOALS FOR THIS WEEK:

1)  Scan EOD + F3 Patterns only Didn't daytrade

Thoughts:

Mon - Fri, 8,6.4,6.5,0,8.8 Pomos for the week.  29.7 Total.

I didn't think much of the week but now that i'm looking back, this has been the most productive week yet.  Playing games really takes my mind of restlessness on top of the gf finding something to do.  I'm on Aug of the webinars and been really handling not trading setups that aren't mine.  Will slowly add habits back this week and keep this momentum up.

GTOs for the current Week

- Check IB process for short locates
- DUX Webinars
- Reapply Habits/Routines

GOALS FOR THIS WEEK:

1)  Find out how to locate shorts on IB.
2)  2 Webinars a day

TRADING GOALS FOR THIS WEEK:

1)  Scan EOD + F3 Patterns Only
2)  Watch first 4hrs and trade 5min PB or Mid-day Perk on Pos Cat Only

Weekly Review Sep 1/5

GTOs from Last Week:

- Check Correlli Clearing for short locates Emailed their support for a guide, waiting for a more detailed response

- Check IB process for short locates In my list for today
- DUX Webinars 0 for the week

GOALS FOR THIS WEEK:

1)  Find out how to locate shorts on IB and Speedtrader.  This is more important than the webinars. Was lazy, stuff happened.  Slowly getting back into it
2)  Slowly get back into the webinars 0 For the week

TRADING GOALS FOR THIS WEEK:

1)  Initiate Screen Time / Monitor Progress 0 Screen time, cutting back. Not in the right headspace for trading.

2)  Only F3/Pos Catalyst trades 0 Screen time, cutting back. Not in the right headspace for trading.

3)  Monitor all other strategies 0 Screen time, cutting back. Not in the right headspace for trading.

Thoughts:

Mon - Fri, 0,0,0,0,0 Pomos for the week.  0 Total.
Played games all week.  Thursday I got hyped for working on my hobby/Youtube Gaming Channel.  Fri/Sat/Sun, in 3 days I got it up and running and even learned starter bit for an editing program / youtube uploading / SEO.  It's pretty fun, it takes up alot of my time though but removes alot of impatience from trading or the need to catch up on the webinars.  I'll find a balance in between the two.  If I can do at least 2 webinars a day, I'll be caught up in less than 2 weeks which is faster than I thought.  It's so hard to focus on the webinars, playing while watching it reduces the quality of my attention by a ton but at least i'm getting the gist of it.  I'mma kp on going though and see where it leads.

GTOs for the current Week and Next Week:

- See where my request stands with Correlli Clearing

- Check IB process for short locates
- DUX Webinars

GOALS FOR THIS WEEK:

1)  Find out how to locate shorts on IB and Speedtrader.  This is more important than the webinars.
2)  Slowly get back into the webinars, 2 webinars a day.

TRADING GOALS FOR THIS WEEK:

1)  Scan EOD + F3 Patterns only

PREMEDITATIO MALORUM

DEFINE -------------------------------- PREVENT -------------------------------- REPAIR

1)  I get nothing done ------------------ uhh, 50% is showing up --------------- Bounce back the next day

2)  I don't wake up early ------------------ Stick to PM Routine --------- Reset and Bounce back nxt day

3)  FOMO / Zombie Trading ----- GTSetups / Mindfulness / Small pos size --------- Learning Lessons

WHAT ARE THE BENEFITS OF AN ATTEMPT OR PARTIAL SUCCESS

1)  I will gain experience and take Kyzen Trading further into profitability

2)  I will wake up early enough for screen time and accomplish more tasks.  Doing so will reinforce the positive habits I am trying to embody.

3)  Reducing or limiting FOMO / Zombie Trades will limit the drawdowns on my trading capital as well as minimizing emotional rollercoasters.

THE COST OF INACTION

1 MONTH --------------------------------- 6 MONTHS --------------------------------- 3 YEARS

1)  I'm stuck where I am ----------- BOREDOM / FUNDS Depleting---------- I'd need a job in the US

2)  Slow trading growth -------- Habits control me and not the other way ----------- Mindless meatsack

3)  Stuck in mindless trading ---- Frustration increasing / losing money ------ I'd need a job in the US

--------------------------- For Whenever-------------------------------
**** Gamblers think about profits, Traders think about Risk ****
Shifting my attitude/mindset from making money and towards:

1) Risk Management
- Have plan before trade
- Know risk prior to trade
- Know stop loss prior to trade
- Size position accordingly to the stop loss
- ACCEPT RISK !!

2) Managing Emotions
- No more zombie trading
- No more revenge trading

3) Managing Mind
- Regular Meditations
- Objectivity Exercises

Mandatory Weekly Goals....
A) Zero (0) Zombie trades
B) Zero (0) Revenge trades
C) Trade only quality/Go-To-Setups.. (Think retired trader)

** Something I want to do in the future--Watch a stock's price action with NO indicators

Rule: If I have either 1 zombie trade or 1 revenge trade, I will sit out from trading for a mandatory 1 week cooling off. This will be a negative incentive that will turn me off from making those type of trades since almost all my motivation and raison d'être currently is daytrading.

*** ACCEPTANCE ***

201808271 IGC, ATAI

IGC

Chart History:  Fresh Chart, POT/Marijuana sector is hot, Sympathy to CRON

Profit Target:  Ride Momo

Stop/Risk:  See Summary

Entry:  1.45, 1.61

Plan:  Entered on PB Ride momo

Summary:  Entered at PB at EOD, looking back at what I wrote on the chart now, the 1st stop shouldve been 1.45 since this is a WT scalp momo trade.  I only took half the size i was supposed to, tried to fill the other at 1.5 and chased at 1.61.  My average was 1.51.  I sold ONLY 1/3 rather than my normal 1/2 that I do at 1.7 to see what it does tomorrow with my stop at m avg..  I was outside and monitored on my phone.  It was at 1.6 but by the time I logged in, it was already below my stop.  Lots of rationalizing and hope started to cross into my mind, I could've exited with still a small gain but I ended up moving the stop even lower and getting stopped out finally giving back yesterday's gains plus a small loss.

Problem #1:  No taking full size at entry

Problem #2:  Chased for full position size

Problem #3:  Only took 1/3 profit instead of usual 1/2.

Problem #4:  I was physically not in front of my computer.  Mishandled the trade.

Problem #5:  I acknowledged the trade was no longer in my favor but stayed in to include moving the stop lower.

Learning Lessons:  

1)  Reassess what a comfortable position size is for me at this present moment and stick with that.  

2)  Construct the plan and write it down on paper PRIOR to execution.

3)  Let the trade come to me instead of me catching up to it.

ATAI

This was ALL SORTS OF A FUCKED UP MESS.  I was testing something with my hotkeys and Dastrader.  I thought I canceled an order but I unintentionally got filled at 2.79.  Instantly I knew It was wrong and needed to get out but instead I rolled with it, I got emotionally stopped out at 1.4 which just happened to be near bottom of that pullback.  Revenge traded @ 3 and sold all that 3.2 once I saw signs of the support cracking.

Weekly Review Aug 4/4

*** Note: I'm doing this on a thursday.  Stuff happens.. slowly picking up where I left off

GTOs from Last Week:

- DUX Webinars  2,0,17,7,1

- Check Correlli Clearing for short locates Didn't do

- Check IB process for short locates Didn't do

- CHALLENGE Webinars for grittani/dux Not done with Dux Webinars

GOALS FOR THIS WEEK:

1)  Meet a minimum of 8 Pomos/day Didn't do

1)  Track Daily Pomodoros and increase it daily to meet 16 Pomos on Friday 1/2way til Fri Crash

2)  Finish DUX Webinars I still have around ~30hrs worth left to catch up

3)  Start Trading Tickers Can't do this until DUX webinars are done

4)  Refine WoH/GTSetups In Progress

TRADING GOALS FOR THIS WEEK:

1)  Initiate Screen Time / Monitor Progress Started screen time, need to balance it with webinars

2)  Only F3/Pos Catalyst trades Broke this rule.  I'm on a mandatory sit-out until next week Wed.

3)  Monitor all other strategies  I haven't found a way to monitor all without losing focus and productivity yet

Thoughts:

Mon - Fri, 2,0,17,7,1 Pomos for the week.  27 Total.
I can't remember what happened on Monday/Tuesday but I stepped it up on wed and managed to start having screen time on thursday again.  Friday just crashed with non-trading stuff that affected me til today.  Me focused on stocks on top of my gf with the feelings of not having anything to do got her really restless.  I needa cutback on stocks and find another middleground with her unless she figures out something that'll keep her busy and not feel left out.

GTOs for the current Week and Next Week:

- Check Correlli Clearing for short locates

- Check IB process for short locates
- DUX Webinars

GOALS FOR THIS WEEK:

1)  Find out how to locate shorts on IB and Speedtrader.  This is more important than the webinars.
2)  Slowly get back into the webinars

TRADING GOALS FOR THIS WEEK:

1)  Initiate Screen Time / Monitor Progress

2)  Only F3/Pos Catalyst trades

3)  Monitor all other strategies

PREMEDITATIO MALORUM

DEFINE -------------------------------- PREVENT -------------------------------- REPAIR

1)  I get nothing done ------------------ uhh, 50% is showing up --------------- Bounce back the next day

2)  I don't wake up early ------------------ Stick to PM Routine --------- Reset and Bounce back nxt day

3)  FOMO / Zombie Trading ----- GTSetups / Mindfulness / Small pos size --------- Learning Lessons

WHAT ARE THE BENEFITS OF AN ATTEMPT OR PARTIAL SUCCESS

1)  I will gain experience and take Kyzen Trading further into profitability

2)  I will wake up early enough for screen time and accomplish more tasks.  Doing so will reinforce the positive habits I am trying to embody.

3)  Reducing or limiting FOMO / Zombie Trades will limit the drawdowns on my trading capital as well as minimizing emotional rollercoasters.

THE COST OF INACTION

1 MONTH --------------------------------- 6 MONTHS --------------------------------- 3 YEARS

1)  I'm stuck where I am ----------- BOREDOM / FUNDS Depleting---------- I'd need a job in the US

2)  Slow trading growth -------- Habits control me and not the other way ----------- Mindless meatsack

3)  Stuck in mindless trading ---- Frustration increasing / losing money ------ I'd need a job in the US

--------------------------- For Whenever-------------------------------
**** Gamblers think about profits, Traders think about Risk ****
Shifting my attitude/mindset from making money and towards:

1) Risk Management
- Have plan before trade
- Know risk prior to trade
- Know stop loss prior to trade
- Size position accordingly to the stop loss
- ACCEPT RISK !!

2) Managing Emotions
- No more zombie trading
- No more revenge trading

3) Managing Mind
- Regular Meditations
- Objectivity Exercises

Mandatory Weekly Goals....
A) Zero (0) Zombie trades
B) Zero (0) Revenge trades
C) Trade only quality/Go-To-Setups.. (Think retired trader)

** Something I want to do in the future--Watch a stock's price action with NO indicators

Rule: If I have either 1 zombie trade or 1 revenge trade, I will sit out from trading for a mandatory 1 week cooling off. This will be a negative incentive that will turn me off from making those type of trades since almost all my motivation and raison d'être currently is daytrading.

*** ACCEPTANCE ***

20180823 EXAS

EXAS

Chart History: Multi-year b/o.. (but this is a billion dollar mktcap.  I know this moves diff that small caps and wanted to get in on a dip.
Entry: 67.77
Stop/Risk: Low of entry candle
Profit Target: Ride til my exit parameters
Plan: 1min PB then ride the momentum
Summary:  Good entry but my exits were based on scalps and didn't see the bigger picture move.  1st exit would've been okay for a scalp to lock half, but the rest could've been ridden til the 9ema break.  The stop loss for the rest was at breakeven but got emotional and locked in the rest right under 70.. a few seconds after I sold, it broke through 70 without me.  I felt like chasing but was able to control myself and not enter again.
Problem #1:  Didn't fully plan/telegraph the trade til the end
Problem #2:  I hesitated on yesterdays entry.  Today i got a lil fomo but still hesitated.  I took half the size i'm supposed to just so I was able to pull the trigger and make the entry.
Learning Lessons:  Good entry but I need to fear set so that I can reinforce that I can take the loss and the world will still go on to prevent the fear from freezing me.

Weekly Review Aug 3/4

GTOs from Last Week:

- Get System put up on the walls  Done

- Finish Dux 4th DVD  Done

- Finish Dux Youtube Vids  Done

- Review Dux Trades  In Progress

- Review Wolfs Trades  In Progress

- Review Grittani Trades  In Progress

- Finish ALL Dux Webinars  Not Done ** This is a 30-40hr task

- Start Trading Tickers  In Progress

- Refine WoH / GTSetups  In Progress

GOALS FOR LAST WEEK:

1)  Track Daily Pomodoros and increase it daily until 14+ Pomos/day 5,2,0,10,10.  27 Pomos for the week

2)  Finish Dux DVD  Completed

3)  Start Trading Tickers  In Progress.  This will come AFTER completing all DUX webinars

4)  Refine WoH/GTSetups  This is more of a reminder to constantly improve than a goal

TRADING GOALS FOR LAST WEEK:

1)  Only F3/Pos Catalyst trades  I did not have screen time

2)  Monitor all other strategies  I did not have screen time

Thoughts:

Mon - Fri, 5,2,0,10,10 Pomos for the week.  27 Total.
I had a hiccup in the middle of the week but bounced back.  The weekend was off limits to studying.  Coming to the review (which i'm late on doing), I overall felt that I wasted a week.  Again, I find myself being too hard on myself, i'm really grateful for tracking my progress and started to do my weekly reviews again.  Once I reviewed last weeks post on what GTOs/Goals are, I realized that I was able to knock out the most important items for the week.  I'm not where I'd like to be as far as pomos but I am nowhere even near a wasted week which is what I felt.  On top of this, this was the first week in Chiang Mai.
Brush up on **Kindness**

I found some sources of frustration from last week and it came from expectations of others.  How to juggle other's growth without having too much expectations that makes it counter productive?
Brush up on **Expectations**, **Growth** and how much eustress until it becomes distress?

GTOs for the current Week:

- DUX Webinars

- Check Correlli Clearing for short locates

- Check IB process for short locates

- CHALLENGE Webinars for grittani/dux

GOALS FOR THIS WEEK:

1)  Meet a minimum of 8 Pomos/day

1)  Track Daily Pomodoros and increase it daily to meet 16 Pomos on Friday

2)  Finish DUX Webinars

3)  Start Trading Tickers

4)  Refine WoH/GTSetups

TRADING GOALS FOR THIS WEEK:

1)  Initiate Screen Time / Monitor Progress

2)  Only F3/Pos Catalyst trades

3)  Monitor all other strategies

PREMEDITATIO MALORUM

DEFINE -------------------------------- PREVENT -------------------------------- REPAIR

1)  I get nothing done ------------------ uhh, 50% is showing up --------------- Bounce back the next day

2)  I don't wake up early ------------------ Stick to PM Routine --------- Reset and Bounce back nxt day

3)  FOMO / Zombie Trading ----- GTSetups / Mindfulness / Small pos size --------- Learning Lessons

WHAT ARE THE BENEFITS OF AN ATTEMPT OR PARTIAL SUCCESS

1)  I will gain experience and take Kyzen Trading further into profitability

2)  I will wake up early enough for screen time and accomplish more tasks.  Doing so will reinforce the positive habits I am trying to embody.

3)  Reducing or limiting FOMO / Zombie Trades will limit the drawdowns on my trading capital as well as minimizing emotional rollercoasters.

THE COST OF INACTION

1 MONTH --------------------------------- 6 MONTHS --------------------------------- 3 YEARS

1)  I'm stuck where I am ----------- BOREDOM / FUNDS Depleting---------- I'd need a job in the US

2)  Slow trading growth -------- Habits control me and not the other way ----------- Mindless meatsack

3)  Stuck in mindless trading ---- Frustration increasing / losing money ------ I'd need a job in the US

--------------------------- For Whenever-------------------------------
**** Gamblers think about profits, Traders think about Risk ****
Shifting my attitude/mindset from making money and towards:

1) Risk Management
- Have plan before trade
- Know risk prior to trade
- Know stop loss prior to trade
- Size position accordingly to the stop loss
- ACCEPT RISK !!

2) Managing Emotions
- No more zombie trading
- No more revenge trading

3) Managing Mind
- Regular Meditations
- Objectivity Exercises

Mandatory Weekly Goals....
A) Zero (0) Zombie trades
B) Zero (0) Revenge trades
C) Trade only quality/Go-To-Setups.. (Think retired trader)

** Something I want to do in the future--Watch a stock's price action with NO indicators

Rule: If I have either 1 zombie trade or 1 revenge trade, I will sit out from trading for a mandatory 1 week cooling off. This will be a negative incentive that will turn me off from making those type of trades since almost all my motivation and raison d'être currently is daytrading.

*** ACCEPTANCE ***

Weekly Review Aug 2/4

Thoughts:

My last post was in May.. I've traveled to several places in the Philippines, Bangkok, Bali, Singapore, Kuala Lumpur and now I'm currently situated in Chiang Mai, Thailand for the next 2 months.

Traveling constantly puts extra pressure in applying my routines/habits especially since my traveling schedule is opposite of my studying/trading schedule.  I've gotten into modes where I get anxious about not being able to study/trade but I've developed/adapted systems to where my response is a proactive one instead of one that drains me.  Alot of it has come from stoicism/premeditatio malorum, acceptance and commitment therapy and guided meditation.

GTOs for the Current Week:

- Get System put up on the walls
- Finish Dux 4th DVD
- Finish Dux Youtube Vids
- Review Dux Trades
- Review Wolfs Trades
- Review Grittani Trades
- Finish ALL Dux Webinars
- Start Trading Tickers
- Refine WoH / GTSetups

GOALS FOR THIS WEEK:
1)  Track Daily Pomodoros and increase it daily until 14+ Pomos/day
2)  Finish Dux DVD
3)  Start Trading Tickers
4)  Refine WoH/GTSetups

TRADING GOALS FOR THIS WEEK:
1)  Only F3/Pos Catalyst trades
2)  Monitor all other strategies

PREMEDITATIO MALORUM

DEFINE -------------------------------- PREVENT -------------------------------- REPAIR

1)  I get nothing done ------------------ uhh, 50% is showing up --------------- Bounce back the next day

2)  I don't wake up early ------------------ Stick to PM Routine --------- Reset and Bounce back nxt day

3)  FOMO / Zombie Trading ----- GTSetups / Mindfulness / Small pos size --------- Learning Lessons

WHAT ARE THE BENEFITS OF AN ATTEMPT OR PARTIAL SUCCESS

1)  I will gain experience and take Kyzen Trading further into profitability

2)  I will wake up early enough for screen time and accomplish more tasks.  Doing so will reinforce the positive habits I am trying to embody.

3)  Reducing or limiting FOMO / Zombie Trades will limit the drawdowns on my trading capital as well as minimizing emotional rollercoasters.

THE COST OF INACTION

1 MONTH --------------------------------- 6 MONTHS --------------------------------- 3 YEARS

1)  I'm stuck where I am ----------- BOREDOM / FUNDS Depleting---------- I'd need a job in the US

2)  Slow trading growth -------- Habits control me and not the other way ----------- Mindless meatsack

3)  Stuck in mindless trading ---- Frustration increasing / losing money ------ I'd need a job in the US

--------------------------- For Whenever-------------------------------
**** Gamblers think about profits, Traders think about Risk ****
Shifting my attitude/mindset from making money and towards:

1) Risk Management
- Have plan before trade
- Know risk prior to trade
- Know stop loss prior to trade
- Size position accordingly to the stop loss
- ACCEPT RISK !!

2) Managing Emotions
- No more zombie trading
- No more revenge trading

3) Managing Mind
- Regular Meditations
- Objectivity Exercises

Mandatory Weekly Goals....
A) Zero (0) Zombie trades
B) Zero (0) Revenge trades
C) Trade only quality/Go-To-Setups.. (Think retired trader)

** Something I want to do in the future--Watch a stock's price action with NO indicators

Rule: If I have either 1 zombie trade or 1 revenge trade, I will sit out from trading for a mandatory 1 week cooling off. This will be a negative incentive that will turn me off from making those type of trades since almost all my motivation and raison d'être currently is daytrading.

*** ACCEPTANCE ***

Weekly Review May 2/4

* NOTE * I had to redo this post since I deleted the 1st final post by accident.  This redo will be hastily done.

RECAP Schedule for Last Week:

Monday
- Full day schedule
- Finish Dux *Didn't Do*

Tuesday
- Full day schedule
- 1 Webinar / Trading ticks *Didn't Do*

Wednesday
- Full day schedule
- 1 Webinar / Trading ticks *Didn't Do*

Thursday
- Full day schedule
- 1 Webinar / Trading ticks *Didn't Do*

Friday
- Full day schedule
- 1 Webinar / Trading ticks *Didn't Do*

GOALS FOR THIS WEEK:
1) Refine Go To Setups / MUST HAVE THIS PRIOR TO TRADING
2) Refine WoH
3) Finish DUX DVD *Didn't Do*

TRADING GOALS FOR THIS WEEK:
1) ONLY Take trades AFTER visualizing it *I went on timeout for the week*
--------------------------------------------------------------------------------------------------------------------------
As far as trading:
I refined GTSetups:
1)  F3 o/n / ABCD preMKT
2)  Gap crap r/g
3) Momo 5min PB

As far as habits:
Sleep routine is VITAL for a powerful start to the next day.  I'm setting up myself for failure if I stay up and expect myself to be at my best the next day.

Schedule for the Current Week:

Mon - Fri
- Screen Time for Scans / Watchlist Creation
- Refine WoH / Exercise Visualizing GTSetups

PREMEDITATIO MALORUM

DEFINE -------------------------------- PREVENT -------------------------------- REPAIR

1)  I get nothing done ------------------ uhh, 50% is showing up --------------- Bounce back the next day

2)  I don't wake up early ------------------ Stick to PM Routine --------- Reset and Bounce back nxt day

3)  FOMO / Zombie Trading ----- GTSetups / Mindfulness / Small pos size --------- Learning Lessons

WHAT ARE THE BENEFITS OF AN ATTEMPT OR PARTIAL SUCCESS

1)  I will gain experience and take Kyzen Trading further into profitability

2)  I will wake up early enough for screen time and accomplish more tasks.  Doing so will reinforce the positive habits I am trying to embody.

3)  Reducing or limiting FOMO / Zombie Trades will limit the drawdowns on my trading capital as well as minimizing emotional rollercoasters.

THE COST OF INACTION

1 MONTH --------------------------------- 6 MONTHS --------------------------------- 3 YEARS

1)  I'm stuck where I am ----------- BOREDOM / FUNDS Depleting---------- I'd need a job in the US

2)  Slow trading growth -------- Habits control me and not the other way ----------- Mindless meatsack

3)  Stuck in mindless trading ---- Frustration increasing / losing money ------ I'd need a job in the US

--------------------------- For Whenever-------------------------------
**** Gamblers think about profits, Traders think about Risk ****
Shifting my attitude/mindset from making money and towards:

1) Risk Management
- Have plan before trade
- Know risk prior to trade
- Know stop loss prior to trade
- Size position accordingly to the stop loss
- ACCEPT RISK !!

2) Managing Emotions
- No more zombie trading
- No more revenge trading

3) Managing Mind
- Regular Meditations
- Objectivity Exercises

Mandatory Weekly Goals....
A) Zero (0) Zombie trades
B) Zero (0) Revenge trades
C) Trade only quality/Go-To-Setups.. (Think retired trader)

** Something I want to do in the future--Watch a stock's price action with NO indicators

Rule: If I have either 1 zombie trade or 1 revenge trade, I will sit out from trading for a mandatory 1 week cooling off. This will be a negative incentive that will turn me off from making those type of trades since almost all my motivation and raison d'être currently is daytrading.

*** ACCEPTANCE ***

Changing to 5min TF / Removing RSI/MACD / AMDA, BLNK, HEAR

Just a quick post.  Didn't trade since i'm in timeout.  I've changed to 5min charts for now and removed the RSI and 1min MACD from my graphs for a cleaner chart. 

The Pros:
Instantly, I can see the price action much smoother and see support and resistance levels again.  Along with the volume, It's like a story being read out to me now.  The impatience has slowed down alot as well.  I will have alot less plays but it will keep me from overtrading / FOMO trades.  I've always had whipsaw problems ever since trying to do 1min strategies, I'll be focusing on the 5min stuff and at least that way slow down the tempo of the day to allow more studying.

The Cons:
I will have alot less plays and will need more babysit time in front of the computer.

201805071 VVPR

VVPR

Chart History: (I didn't see this) Heavy resistance from spike 2 days ago
Entry: 3.38 / 3.51 Actual
Stop/Risk: 10cents
Profit Target: Scalp SOP
Plan: 1min PB but I missed the entry and chased it at HOD
Summary:  Total screw up chase
Problem #1:  My rules / GTSetups / WoH is still not clarified so I worked around the corners.
Problem #2:  Did not visualize
Problem #3: FOMO / Impatience / Zombie Trade
Learning Lessons:  WORK ON IT !!

NO TRADING FOR REST OF DAY AND TOMORROW !!!

Weekly Review May 1/4

RECAP Schedule for Last Week:

Monday
- Full day schedule
- Finish Dux *Didn't do*

Tuesday
- Full day schedule
- 1 Webinar / Trading ticks *Didn't do*

Wednesday
- Full day schedule
- 1 Webinar / Trading ticks *Didn't do*

Thursday
- Full day schedule *1/3*
- 1 Webinar / Trading ticks *Didn't do*

Friday
- Full day schedule
- 1 Webinar / Trading ticks *Didn't do*

GOALS FOR THIS WEEK:
1) Refine Go To Setups / MUST HAVE THIS PRIOR TO TRADING *Was able to do 3 GTSetups
2) Refine WoH *Did very little but need to turn these baby steps into bigger steps
3) Finish DUX DVD *LULZ* This will be the goal this week

TRADING GOALS FOR THIS WEEK:
1) ONLY Take trades on GTSetups and AFTER Visualizing the Plan.
--------------------------------------------------------------------------------------------------------------------------
As far as habits:
I'm impressed with how fast I adapted my routine to the new environment.  Biggest takeaway is being able to wake up early.  If I don't follow my PM routine or stay up late, I'm basically setting myself up for failure the next day. 

Ask Myself WHY I WOULD WANT TO SLEEP EARLY? I know I don't like going to bed early, but how can I de-energize staying up late and putting energy on the benefits of going to bed early??


As far as trading mechanics:
Refined GTSetups:
1)  Late day F3 o/n or ABCD PreMKT
2)  Gap and Crap, r/g
3)  Momo 5min PB

I still have yet to finish Dux DVD, Trading Tickers, and Webinars... I HAVE to get some hours in this week and at least finish DUX.

Schedule for the Current Week:

Mon - Fri
- Screen Time / Scans and making watchlists
-

GOALS FOR THIS WEEK:
1) Refine WoH / Visualize and plot fears
2) Finish DUX DVD

TRADING GOALS FOR THIS WEEK:
1) ONLY Take GTSetup trades AFTER visualizing it
2) Prioritize capital preservation over mindless trades

PREMEDITATIO MALORUM

FEAR SETTING / FEAR REHEARSAL for the week:

DEFINE ----------------------------- PREVENT ----------------------------- Repair

1)  I get nothing done ------------------------Uhh, show up ----------------------------- Bounce back
2)  I don't wake up early enough ---------- Follow PM Routine ---------------------- Bounce back
3)  FOMO / Zombie trades ---------- GTSetups / Small pos size ---------------------- Learning Lessons

WHAT ARE THE BENEFITS OF PARTIAL SUCCESS:

1)  If I get business done--I will move Kyzen Trading one step further into profitability.

2)  If I wake up early enough--I will be awake for screen time and accomplish more tasks.

3)  If I reduce FOMO / Zombie trades--I will preserve my capital and improve my discipline.

THE COST OF INACTION:

1 MONTH----------------------------- 6 MONTHS ----------------------------- 3 YEARS

1)  Stuck where I'm at ----------------- Boredom, nothing to do ---------- I'd need a job to live in the US

2)  I'm cheating myself out of screen time -- Slow trading improvement --- Bad habits control me

3)  Reduced capital / equity ---------- LOSE ALOT OF CAPITAL ----- I'd need a job to live in the US

--------------------------- For Whenever-------------------------------
**** Gamblers think about profits, Traders think about Risk ****
Shifting my attitude/mindset from making money and towards:

1) Risk Management
- Have plan before trade
- Know risk prior to trade
- Know stop loss prior to trade
- Size position accordingly to the stop loss
- ACCEPT RISK !!

2) Managing Emotions
- No more zombie trading
- No more revenge trading

3) Managing Mind
- Regular Meditations
- Objectivity Exercises

Mandatory Weekly Goals....
A) Zero (0) Zombie trades
B) Zero (0) Revenge trades
C) Trade only quality/Go-To-Setups.. (Think retired trader)

** Something I want to do in the future--Watch a stock's price action with NO indicators

Rule: If I have either 1 zombie trade or 1 revenge trade, I will sit out from trading for a mandatory 1 week cooling off. This will be a negative incentive that will turn me off from making those type of trades since almost all my motivation and raison d'être currently is daytrading.

*** ACCEPTANCE ***

20180504 CREG, CLWT, BSPM

CREG

Chart History: 
Very Heavy Volume resistances 3-4 (I didn't see that prior to entry).  NO NEWS.

Entry:
3.51 @break of half dollar/open/prmkt high.

Stop/Risk:
10cents.

Profit Target:
I didn't have one in my mind prior to entry.  For scalp SOPs, 1st will always be 10-20cent range and then move stop to breakeven.

Plan:
Scalp r/g move into the day high.

Summary:
I didn't want to buy the open since it seemed extended already, I waited for a p/b and bought the break of a new 1min candle going higher.  I sold 1/2 into the ask (this should've been immediate !!) But was slow in stopping out.

Problem #1:
This chart was a GTS for a short.  Shitty chart to long.  No news scalps should be IN and OUT / BreakOUT or BAIL OUT !!.

Problem #2:
The 5min/1min was already against my favor, I did not see this because the HIGH Bubble was covering my macd arrows.  Fail.. I removed the bubbles.


Learning Lessons:

Visualize the trade prior to entry !!!!

Visualize the risk level, profit targets

What if it goes up? What if it goes down?

CLWT

Chart History: 
Fresh Chart, NO NEWS !!!

Entry:
7.35 @break of open high.

Stop/Risk:
10cents.

Profit Target:
I didn't have one set prior to entry.  Once in the trade and up above my scalp SOPs, I overreached and looked for an 8 profit target.

Plan:
Scalp the break.

Summary:
I saw an entry that I wanted at 6.5 but FOMO'd? at 7.35 I kept looking for reasons to enter the stock even though I knew the entry was way extended from the 1min EMA.  I entered the stock and had a 40cent unrealized gain... saw it stalling and tried selling on the ask.  I thought I filled 1/2 but it never filled and bailed out for a 50cent loss =/.  

Problem #1:
The 5min trend was already against me for a scalp.  I knew this had the potential for a whipsaw but entered the trade anyways.

Learning Lessons:

As SOON as i'm up 10-20cents on a scalp, I SHOULD ALREADY BE LOCKING IN at least 1/2 and another 1/2 once reaching 40cents and ride the rest.

BSPM

Chart History: 
Very heavy volume resistances from 4-5, NO NEWS !!

Entry:
4.01 @HOD break.

Stop/Risk:
10cents.

Profit Target:
Scalp SOP

Plan:
Scalp the HOD Break

Summary:
Entered at HOD and IMMEDIATELY REALIZED I was in the wrong.  Whipsawed 40cents against me but was able to sell on the ask for a 10cent loss.

Problem #1:
SUPER SHITTY CHART.  Also, I wasn't sure if my rule was to stop after 2 red trades or 3 so this is technically a REVENGE TRADE. 

Problem #2:
I knew it had a high risk of whipsawing since it was so far from the 1min EMA but I listened to Ross about the hod break which should have been a huge nono.  Mistake from the past haunts me.


Learning Lessons:

REFINE MY WOH and SOPs !!!!

20180502 EYPT, IMTE

EYPT

Chart History:  ABCD Broke out of a 2.5 pivot point yesterday AM and consolidated above it before breaking again in the PM.

Entry:
EOD Close @ 2.7

Stop/Risk:
2.5/2.6/2.65????

Plan:
Sell into AM Spike.  Exit if no spike/volume.

Summary:
Bought EOD for GAPUP/AM Spike.  FAT FINGER ERROR !!  I was trying to cancel my sell order on the ask for breakeven and bailed out instead for a 1cent loss.  I was trying to cancel since even though there was no volume I was gonna play off my unclarified stop at 2.65.  I would've been stopped out since the proper stop level wouldve at least been 2.6 which was the prior day's PM low.

Problem #1:
My risk level wasn't clarified with a range of 2.5 - 2.65 which became a problem once I was already in the trade.  Once in the trade, not having that specified risk level got me hesitant.

Problem #2:
My trade plan wasn't big picture enough and did not consider further steps into a no volume open.

Learning Lessons:

Take my time and define the risk prior trade entry.  Stick to trading plan no matter what.



IMTE

This pic is just for fun to look at today.. No catalyst squeeze.

Weekly Review Apr 5/5

RECAP Schedule for Last Week:

- Preparations / Travel / Move

GOALS FOR LAST WEEK:
- Account and get an assessment on how traveling will adversely affect habits and come up with systems for it.

Everything pretty much froze while I was going through the move.  I'm now in houston, time to play catch up.
--------------------------------------------------------------------------------------------------------------------------

Schedule for the Current Week:
Tuesday GTOs
- Catch up on vids
- Finish DUX vid / refine WoH

Rest of Week
- Get back into habits
- Assess how I quickly adjust back to routines while traveling

GOALS FOR THIS WEEK:
1) Getting into a routine while traveling is pretty much uncharted territory right now.  I can already expect it to be tough but we'll see how well I adapt to doing what needs to get done while on the road and adjust from there.  I might or might not consider logging daily for the meantime.

2) Increase attention and active listening during convos with other people.  Increase frequency of attaining the observing self during the course of the day.

"Once I have a system, the only thing that matters is the six inches between my ears..."


--------------------------- For Whenever-------------------------------
**** Gamblers think about profits, Traders think about Risk ****
Shifting my attitude/mindset from making money and towards:

1) Risk Management
- Have plan before trade
- Know risk prior to trade
- Know stop loss prior to trade
- Size position accordingly to the stop loss
- ACCEPT RISK !!

2) Managing Emotions
- No more zombie trading
- No more revenge trading

3) Managing Mind
- Regular Meditations
- Objectivity Exercises

Mandatory Weekly Goals....
A) Zero (0) Zombie trades
B) Zero (0) Revenge trades
C) Trade only quality/Go-To-Setups.. (Think retired trader)

** Something I want to do in the future--Watch a stock's price action with NO indicators

Rule: If I have either 1 zombie trade or 1 revenge trade, I will sit out from trading for a mandatory 1 week cooling off. This will be a negative incentive that will turn me off from making those type of trades since almost all my motivation and raison d'être currently is daytrading.

*** ACCEPTANCE ***

WTrading/MChallenge, Midday Perk, Short Squeeze CHEK, ATOS

I don't plan on making entries daily unless it is something significant that I want to have recorded down.

Today, WT Trading from 830-1100 AM was very choppy.  Ross ended up losing a couple thou and a few times I was tempted to get into a position that wasn't one of my GTSetups.  Compared to last year, i'm much more aware of the thoughts/feelings/emotions going through my head and was able to just sit back and observe.  The emotions were still there but I was for alot more composed and not enter the scalp trades.  Early day momo ended with me just watching the market and slowly getting back into the groove of the small caps.

But I kept my monitors on and saw a couple of charts familiar to me.  The slight problem at the time for me is that this past year, i've grown sensitized to scalping which has a very fast tempo of trading.  The charts that I was looking at were familiar but of a vastly slower tempo.  I haven't seen this style/trading tempo in real time for more than a year and wasn't confident in playing it out.

Yes, sticking to one or two plays and staying away from opposite styles of trading is a good way to start.  But, I feel like I can handle both for now, I just need to visualize the setups more and refine the criteria for the GTSetups.  If it doesn't work out for me later, I can always cut back but right now I need to be putting in skin in the game alot to get through the learning curve again.

CHEK

Around 11am, as I was starting to call it a day, I noticed a CHEK doing something I've seen before and formed a plan in my head for it and just watched it.  All my criteria was met but I settled on watching it for now.  CHEK spiked for what was to become the day's/week's hottest stock.  Next image is the aftermath of shorts getting squeezed.  I've seen this a few times in the past before already, consolidated/held under VWAP and once it broke VWAP/prior resistance levels, it squeezed to HOD and broke past that and squeezed even more shorts.

It consolidated again and squeezed up even higher.  Same play but since it was already extended past the 5min ema and VWAP, I didn't consider taking it.

Next image is how it ended the day.

ATOS

After the first spike started becoming boring, traders jumped on ATOS.  It's a reverse split, shitty company.  It didn't have the typical spike and chart pattern since it was an RS, but it gapped above the previous day high trapping some shorts.  It wasn't the same exact pattern but still similar, consolidated under VWAP but above the previous day's high.  As soon as it broke through VWAP, it got squeezed into a halt.  After the halt, it opened and squeezed past the high from 2day's back and squeezed more shorts.  I would've pulled the trigger right when it was riding along the VWAP but I still paused.  I realized after the trade that I still need to refine my entry on this a little bit more and another reason for the pause was that I JUST REMOVED midday perks from my GTSetups.  Talk about rough lesson haha.

Unlike CHEK, ATOS just faded away in the PM til close.

Next image is CHEK and ATOS side by side to show the similarities/differences of the charts.

Today was a good day, I need to keep refining my routines and criteria for my GTSetups.  Today was also the first day where I started to take note of the volumes into my plan.  ATOS was an RS with no real resistances ahead so I treated it as a fresh chart.  Without taking note of the volume, I wouldve previously charted some resistance lines.  But with how I look at volume now, what I previously thought might be resistances aren't very good resistance areas at all.  This puts me one step ahead of early/new shorts who don't see it the way I do.

Anyways, ending the day.. keep grindin' forward..

Ciao

Weekly Review Apr 4/5

RECAP Schedule for Last Week:
Wednesday
- Catch up Sykes/WT vids
- Finish DUX 1st vid
- Adjust WoH
- Visualize WoH and Whole Trading day Routine *Can do more of this*

Thursday
- Screen Time
- Finish DUX 2nd vid *Still not done yet*

Friday
- Screen Time *MISSED!!! Woke up at 10*
- Refine WoH: Go To Setups

Saturday
- Refine WoH *Turned this day into relax day upon eBene News, totally hungover all Sunday and missed wkly review*

GOALS FOR LAST WEEK:
- Show up for Screen Time / Show up for Watchlist Creation *This upcoming weeks focus is on WL*

--------------------------------------------------------------------------------------------------------------------------

Habits have been improving marginally consistently, it's not drastic but over time I do expect great gains.  I also feel more confident with progress gained but without the stress/burnout risk associated with ramping up progress

Schedule for the Current Week:
Tuesday GTOs
- Follow Schedule / WL Creation
- Dux 2nd Vid
- Visualize WoH and Whole Trading day Routine

Rest of Week
- Preparations / Travel / Move

GOALS FOR THIS WEEK:
- Account and get an assessment on how traveling will adversely affect habits and come up with systems for it.



"Once I have a system, the only thing that matters is the six inches between my ears..."


--------------------------- For Whenever-------------------------------
**** Gamblers think about profits, Traders think about Risk ****
Shifting my attitude/mindset from making money and towards:

1) Risk Management
- Have plan before trade
- Know risk prior to trade
- Know stop loss prior to trade
- Size position accordingly to the stop loss
- ACCEPT RISK !!

2) Managing Emotions
- No more zombie trading
- No more revenge trading

3) Managing Mind
- Regular Meditations
- Objectivity Exercises

Mandatory Weekly Goals....
A) Zero (0) Zombie trades
B) Zero (0) Revenge trades
C) Trade only quality/Go-To-Setups.. (Think retired trader)

** Something I want to do in the future--Watch a stock's price action with NO indicators

Rule: If I have either 1 zombie trade or 1 revenge trade, I will sit out from trading for a mandatory 1 week cooling off. This will be a negative incentive that will turn me off from making those type of trades since almost all my motivation and raison d'être currently is daytrading.

*** ACCEPTANCE ***