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 ***