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 ***