RECAP Schedule for Last Week:
- 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:
- 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 ***
*** ACCEPTANCE ***
