September Monthly Review

Review of September GTOs:

September Playbook:
1)  Bounce Short- 10m>30m>50m resistance, >50%+ on HOD = $15k, $25k, $35k Max Pos Size.  None fit during the month that I'm aware off, only 1 that is a modified Bounce Short.
2)  AM Mean Rev- Must be over extended from 5m EMA Pre 10am, 15m EMA pre 11am, and utilize 30m EMA after 11AM.  Must let volume/price action dictate first entry and NOT JUST Chart or RSI.  1st Entry is 1/4.  5min EMA cover 1/4 at 1st target and 15min cover ALL at 2nd target unless it's a bounce short !! Can hold 1/4 up to 30m Target if situation provides the opportunity.  If over >50% on day, Max Position Size = $10k.  If 2 Factors from High Risk Play or >30% but <50%, Max Pos Size = $5k. If >$20 stock, Max Pos Size $30k.  ***** If microfloat or big cap, notice where wick is occuring and 1st entry need to be on the upper 2/3 of the range in question. ***** I NEED MASSIVE WORK on being patient to have the volume dictate where the backside is.  I'm always caught in front of the move and having to size up.  ALL initial entries can only be 1/10 of position size with no adds if the volume does not tell you its side of the story.
3)  AM Mean Rev 1st Bounce- Avg must be in upper 60% of range, use 5m candle minimum or 15m candle post 11am = 1/4 of Max size for that trade Cover ALL at 1st target unless a Bounce Short FMC, if so, cover at end of day.  Failure to abide by the size rule fucked me on WLL.  Even worse was that I didn't stopout where intended.

*** >200m MktCap MUST Use 30m chart, RSI nothing lower then 89 on 15m/30m

TRADING GOALS TIL END OF September:

1) Maintain Mandatory >50% Setups until mid August for mid-month Review, SLOW IT DOWN !! Do the prep work required-- Recon 1 + Recon 2 !! Set Alerts and turn off Trading Setup after 11AM if slow day !!

2) ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering

3) ALL TRADES are Mandatory based off the 15m Chart Post 10AM, and 30m TF Post Noon.  

4) HIGHLIGHT HIGH RISK PLAYS PRIOR TO ENTERING !!:

- Fresh Chart or NO DAILY RESISTANCE and shorting <50%

- <2m Float

- >1m Volume in Pre-Market

- Positive Phase II or III Trials

- BigCap Company mentioned in Press Release

- 2nd Green Day don't touch unless 100% 1st day + 60% plus on 2nd day OR dip buy AM Panic into prevDay support.

BEHAVIORAL GOALS TIL END OF September:

1)  Execute Planned Sleeping Routine/AM Routine and Track of what times I go to bed/Wake up by using Fitbit.  Review and adjust as necessary on next month's review.  Rat:  Increase preparation time and mitigate effects of lacking preparation / not being awake enough.  Majority, I slept from 1-3am and woke up at 10am.  half the days I traded i'd wake up at 730am to check if anything's moving.  I'd wake up and be ready for the open (sleepy) or if nothing is moving, i'd go back to sleep and wake up at 10am (half the time, i'd miss really good moves on the open because of this).

2)  Initiate Point and Call Strategy / Verbalizing the Price Action / Verbalizing how I am currently feeling.  Rat:  Use more senses to bring current subconcious behaviors to awareness to help mitigate stupid habits like boredom trading.  Totally didn't do this.

3)  I've had the rule that if I don't meditate = no trading before--but I do know that I'm not compliant on it at all times and I never did track it before.  So starting from now on, monthly reviews will include a review of my compliance to this and adjust routine as necessary to help enforce this.  Rat: Meditation gives me the headspace to prevent myself from entering stupid plays and curb my impatience.  Last week thru the month, I stopped doing the habits tracker.  In Japan, I actually didn't utilize it but I did meditate more.  I will be doing this for October instead.  I will also be implementing mandatory paper checklists that was on the digitial journaling/tracker.

Month Progress:

June = 10steps forward, 2 steps back.  Because of this, I will push myself in Aug.

July = 20steps forward, 15 steps back.  Only traded 2 weeks and we went from osaka>tokyo>korea>china>texas>oklahoma.  I was able to push and find out where my limits lies.
Because we were apt hunting as well as adapting back to life back in the US.  I will lower my expectations for Aug.

Aug = 4steps forward, 2steps back.  Not where I want still as far as ratio moving forward/stepping back.  I'm 1week behind classes so will be lowering expectations even further in Sept.

Sept =
1st wk:  Took it off to catch up with classes.  Thi was hyped up with a business opportunity and I was tilting as well because I felt rushed needing to make alot of money.
2nd wk:  2steps forward, no steps back.  I'm in line with what I should be doing.
3rd wk:  That morning was a 2steps forward, but I didn't trade it as well as I should've and a bad bounce add resulted in me taking a huge 20steps forward contrary to the strategy.  I wanted to make alot of money back since It's already the 3rd week and im nowhere where I WANT to be even though i'm in-line with my months expectations.  Well, one bad decision right after another and I ended up moving 20steps back.
4th wk:  grind back 2steps forward.

     12 Instances of Non-Playbook, 3 Instances of Boredom Trading, 3 Bad Bounce adds, 2 Revenge Trading--  Better Recons/Prep Work, Mandatory AM Routine/Meditate PRIOR to entry, Mandatory Point and Call Strategy to help with this.  Post 1PM EST is an automatic platform close unless a hot 100%+ is in play.
     This month was really all about volume discovery.  I'm still entering too early far from resistance/no resistance with NO volume telling me its the backside.  If no story = no trade.  This'll be the goal for the month.

Charts that got me in trouble:

9/16 WLL Bad Bounce add with HEAVY Size, didn't stop out where intended
9/17 Scared out of 1st trade, Revenge Traded a falling knife heavily

This (October) MONTH'S PRIMARY FOCUS is DISCIPLINE.  1wk timeout of failure to do prepwork/checklists prior to putting a trade on.  The SECONDARY FOCUS is LISTENING to the volume for it's story.  No story = No entry,

GTOs til End of October:

September Playbook:
1)  Bounce Short- 10m>30m>50m resistance, >50%+ on HOD = $15k, $25k, $35k Max Pos Size.
2)  AM Mean Rev- Must be over extended from 5m EMA Pre 10am, 15m EMA pre 11am, and utilize 30m EMA after 11AM.  Must let volume/price action dictate first entry and NOT Chart or RSI.  1st Entry is 1/4.  5min EMA cover 1/4 at 1st target and 15min cover ALL at 2nd target unless it's a bounce short !! Can hold 1/4 up to 30m Target if situation provides the opportunity.  If over >50% on day, Max Position Size = $10k.  If 2 Factors from High Risk Play or >30% but <50%, Max Pos Size = $5k. If >$20 stock, Max Pos Size $30k.  ***** If microfloat or big cap, notice where wick is occuring and 1st entry need to be on the upper 2/3 of the range in question. *****
3)  AM Mean Rev 1st Bounce- Avg must be in upper 60% of range, use 5m candle minimum or 15m candle post 11am = 1/4 of Max size for that trade Cover ALL at 1st target unless a Bounce Short FMC, if so, cover at end of day.

*** >200m MktCap MUST Use 30m chart, RSI nothing lower then 89 on 15m/30m, Short only UNDER Resistance or if Volume tells a story.

TRADING GOALS TIL END OF October:

1) Maintain Mandatory >50% Setups SLOW IT DOWN !! Do the prep work required-- Recon 1 + Recon 2 !! Set Alerts and turn off Trading Setup after 11AM if slow day !!

2) ALL Trades must fit ONE of the THREE Playbook Plays, Verbalize play PRIOR to entering with Point+Call commentary throughout the trade.

3) ALL TRADES are Mandatory based off the 15m Chart Post 10AM, and 30m TF Post Noon.  

4) HIGHLIGHT HIGH RISK PLAYS PRIOR TO ENTERING !!:

- Fresh Chart or NO DAILY RESISTANCE and shorting <50%

- <4m Float

- >1m Volume in Pre-Market

- Positive Phase II or III Trials

- BigCap Company mentioned in Press Release

- 2nd Green Day don't touch unless 100% 1st day + 60% plus on 2nd day OR dip buy AM Panic into prevDay support.
5)  No Trading post 12pm unless Shorting Para >20% UNDER RESISTANCE or Volume telling it's story.

BEHAVIORAL GOALS TIL END OF October:

1)  MANDATORY STANDARDIZED PAPER CHECKLISTS.  Rat:  Increase preparation time and mitigate effects of lacking preparation / not being awake enough.
2)  Initiate Point and Call Strategy / Verbalizing the Price Action / Verbalizing how I am currently feeling.  Rat:  Use more senses to bring current subconcious behaviors to awareness to help mitigate stupid habits like boredom trading.
3)  If I trade a setup that is NON-PLAYBOOK or sized beyond what the strategy states = 1wk TRADING TIMEOUT !!
5)  Have a BIG FUCKING PAPER SIGN OF SAID FUCKING RULES IN FRONT OF MY FACE during trading!!
6)  Daily TIMEOUTS after completing the paper checklist at the beginning of the fucking day !!

October month's MANTRA is 

FUCK THE MONEY, ONE GOOD TRADE !!

If there is nothing today fitting the criteria, either study or take the day off !!!

Discipline is a lagging indicator.  Focus on your behavior in the NOW moment.

Learning Lesson:  Listen to Emotion > Change my state > ASK QUESTIONS > Focus on the process/grind.  Shrug it off and keep moving forward !!

PREMEDITATIO MALORUM

FEAR SETTING / FEAR REHEARSAL for the week:

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

1)  FOMO ------------------------------Pre-Market Preparation -------- Sleep on Time to wake up on time

2)  FOMO ----------------------- Follow ONLY Playbook Trades --- There's always opportunity LATER

3)  Fear of Losing $$$$------ Bracket the orders and let SL get hit ------- Reassess if Entry was correct

WHAT ARE THE BENEFITS OF PARTIAL SUCCESS:

1) As long as I remain resilient and refine my systems--I am one step closer to CPT

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

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

Accept the emotions and no longer identify with them.  It's much easier to see things in the external world without passing judgement on them..

August Monthly Review

Review of August GTOs:

August Playbook Revised:

1)  Bounce Short- 10m>30m>50m resistance, >50%+ on HOD = $15k, $25k, $35k Max Pos Size

*** No more than 1/4 Size on the front side and Only add the last 1/2 on the b/d of 15m candle, cover 1/3 on 15m EMA, cover up to 1/4 at 50% of spike, 1/4 size at EOD.  Keeping the same, didn't have problem / chances to trade this.

2)  Bounce Short FMC- up at least 40% on HOD wait for 400k+ 5m stuff candle or trend breakdown near resistance = 1/4-1/3 of Bounce Short Size  Removing as a standalone stat but adding it to AM MeanRev Profit taking if it coincidentally falls under both strategy.

3)  AM Mean Rev / Intraday Gap Reversal- Must be 1:2 Risk/Reward from EMA + LowrHighs = 2R on 5EMA, 4R on 15EMA.  Size in 1/3rds.  5min cover 1/4 at 1st target and 15min cover ALL at 2nd target unless it's a bounce short !! Can hold 1/4 up to 30m Target if situation provides the opportunity.  Max Position Size = $10k.  If 2 Factors from High Risk Play, Max Pos Size = $5k.  Revisit at Mid-Month and double if doing well after 1st week. If >$20 stock, Max Pos Size $30k  Modifying this for Microfloats/Big Caps that has big wicks.

4)  AM Mean Rev 1st Bounce- Avg must be in upper 60% of range, use 5m candle minimum= 1/4 of Max size for that trade Cover ALL at 1st target unless a Bounce Short.

TRADING GOALS TIL END OF AUGUST:

1)  Maintain this size until mid July for mid-month Review, SLOW IT DOWN !! Do the prep work required-- Recon 1 + Recon 2 !!  Shit was all over the place while traveling.  When I got home, I still didn't have my shit together and it SHOWS in my trading.  Get your shit together, Complete the routine, calm your mind and do your Recon 1 + Recon 2 PRIOR to entering the trade.
     SUCCESS is when PREPARATION meets OPPORTUNITY !! Do the Prep Work !!
2)  ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering Totally forgot about this !!  This can totally help me out on my Non-Playbook Trades and Boredom Trading which was a massive epidemic this month.
3)  ALL TRADES are based on the 5min Chart as a minimum.. with focus on S/R Levels, If there is no S/R Levels, Focus on Price action and 15m Chart !!! #1 Priority is S/R Levels, #2 is th 15m TF minimum now after 10AM or Shares above 20m. Mandatory 30m TF after NOON !!
4)  HIGHLIGHT HIGH RISK PLAYS PRIOR TO ENTERING !!:
          - Under $2.00 Stock
          - <2m Float
          - >1m Volume in Pre-Market
          - Positive Phase II or III Trials
          - BigCap Company mentioned in Press Release FUCKING APRN !!

5)  No 2nd Green Day/No resistance Trades unless it 100% 1st day and 100% on 2nd Day.  The one thing I didn't have problems with was because I wasn't active enough to see a 2nd day trade!!

1) Maintain Mandatory >50% Setups until mid August for mid-month Review, SLOW IT DOWN !! Do the prep work required-- Recon 1 + Recon 2 !! Set Alerts and turn off Trading Setup after 11AM if slow day !!  Keeping the >50% Rule til end of Sept.  WILL BE TRACKING Recons Religiously.  I have 5 instances where "Lack of Preparation" was an area of concern.

2) ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering 8 Instances of Non-Playbook Trade, WILL BE TRACKING Point and Call strategy PRIOR to entering a trade.
3) ALL TRADES are Mandatory based off the 15m Chart Post 10AM, and 30m TF Post Noon.  
Didn't see a problem this month.  Tunnel Visioning has decreased since the prior 2 months.  Will consider removing as a goal at the end of October.
4) HIGHLIGHT HIGH RISK PLAYS PRIOR TO ENTERING !!:
- Fresh Chart or NO DAILY RESISTANCE and shorting <50%
- <2m Float
- >1m Volume in Pre-Market
- Positive Phase II or III Trials
- BigCap Company mentioned in Press Release
***** Totally Didn't do this at all.. This is #1 Priority this month
5) No 2nd Green Day/No resistance Trades unless it 100% 1st day and 100% on 2nd Day.
1 Instance of breaking this rule this month.  Will remove this and jst add it on the high risk play list.

Month Progress:

     As a backdrop on what happened this month.  First 2 weeks I traded at home, struggled to keep my focus at home but I am way more mentally stronger than back then.  3rd/4th week was traveling to Houston/Austin/Dallas.  3rd wk, in my head, I felt like I was in too heavy on trades, lotsa trash microfloats was being manipulated by algos, and just plainly traveling alot--I chose to keep it small and work on the wicks problem I was noticing I was having.  Basically, I needed to pay attention to the chart pattern less and listen to the VOLUME/PRICE ACTION more on charts that have weak Daily History/Resistance levels.

    In hindsight, I feel like I was trading more calmer/patient in the 1st two weeks vs in July.  The last 2 weeks was also me adapting to the shit microfloats that was being traded.  I didn't make alot of money, but I didn't lose alot either.  In the end, I LEARNED A HELLA LOT though..

     12 Instances of Boredom Trading, 5 Lack of Preparation--  Better Recons/Prep Work, Mandatory AM Routine/Meditate PRIOR to entry, Mandatory Point and Call Strategy to help with this.  Post 1PM EST is an automatic platform close unless a hot 100%+ is in play.
     2 Instances of Shorting levels that are on a Multi-Day Breakout-- *Same as above* There was 1 case of this in the month of July with BYND.
     3 Instances of when a psychological level that had weak volume fcked me over hard-  Listen to volume/price action more than some stupid arbitrary number.
     4 Instances of Big Wicks on the chart gets me lousy entries.  I need to chill and wait for the price action/volume tells me where the top is.

     Sizing,  I felt like I was too small on majority of the plays and not sticking to the size the playbook dictates.  And then when I get shit entries/non-playbook plays--I end up going too heavy.  Will monitor how much I'm compliant with the shares sizes prescribed in my playbook.

Charts that got me in trouble:

8/22 GLUU- Falling Knife
8/6 ALLK- Too early on BigCap Squeeze at ATH
8/12 RKDA- Trash Microfloat I traded that had no edge
8/13 RKDA- FOMO, Revenge Trading.
8/14 NVAX Just got too heavy too fast.
8/26 RKDA- Lack of Prep, overtrading, boredome.  Shorting Mult-Day Breakousts

As a reminder to what happens If I let myself be undisciplined/too fucking stupid:

This (September) MONTH'S FOCUS is PREP WORK and not playing anything prior to completion of Meditation/Recon1+2/Point and Calls.

GTOs til End of September:

September Playbook:
1)  Bounce Short- 10m>30m>50m resistance, >50%+ on HOD = $15k, $25k, $35k Max Pos Size.
2)  AM Mean Rev- Must be over extended from 5m EMA Pre 10am, 15m EMA pre 11am, and utilize 30m EMA after 11AM.  Must let volume/price action dictate first entry and NOT Chart or RSI.  1st Entry is 1/4.  5min EMA cover 1/4 at 1st target and 15min cover ALL at 2nd target unless it's a bounce short !! Can hold 1/4 up to 30m Target if situation provides the opportunity.  If over >50% on day, Max Position Size = $10k.  If 2 Factors from High Risk Play or >30% but <50%, Max Pos Size = $5k. If >$20 stock, Max Pos Size $30k.  ***** If microfloat or big cap, notice where wick is occuring and 1st entry need to be on the upper 2/3 of the range in question. *****
3)  AM Mean Rev 1st Bounce- Avg must be in upper 60% of range, use 5m candle minimum or 15m candle post 11am = 1/4 of Max size for that trade Cover ALL at 1st target unless a Bounce Short FMC, if so, cover at end of day.

TRADING GOALS TIL END OF September:

1) Maintain Mandatory >50% Setups until mid August for mid-month Review, SLOW IT DOWN !! Do the prep work required-- Recon 1 + Recon 2 !! Set Alerts and turn off Trading Setup after 11AM if slow day !!

2) ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering

3) ALL TRADES are Mandatory based off the 15m Chart Post 10AM, and 30m TF Post Noon.  

4) HIGHLIGHT HIGH RISK PLAYS PRIOR TO ENTERING !!:

- Fresh Chart or NO DAILY RESISTANCE and shorting <50%

- <2m Float

- >1m Volume in Pre-Market

- Positive Phase II or III Trials

- BigCap Company mentioned in Press Release

- 2nd Green Day don't touch unless 100% 1st day + 60% plus on 2nd day OR dip buy AM Panic into prevDay support.

BEHAVIORAL GOALS TIL END OF September:

1)  Execute Planned Sleeping Routine/AM Routine and Track of what times I go to bed/Wake up by using Fitbit.  Review and adjust as necessary on next month's review.  Rat:  Increase preparation time and mitigate effects of lacking preparation / not being awake enough.
2)  Initiate Point and Call Strategy / Verbalizing the Price Action / Verbalizing how I am currently feeling.  Rat:  Use more senses to bring current subconcious behaviors to awareness to help mitigate stupid habits like boredom trading.
3)  I've had the rule that if I don't meditate = no trading before--but I do know that I'm not compliant on it at all times and I never did track it before.  So starting from now on, monthly reviews will include a review of my compliance to this and adjust routine as necessary to help enforce this.  Rat: Meditation gives me the headspace to prevent myself from entering stupid plays and curb my impatience.
*** I have a Habits Map being monitored and adjusted on a separate tracker but I did want to include these in here since they directly affect my trading performance.

If there is nothing today fitting the criteria, either study or take the day off !!!

Discipline is a lagging indicator.  Focus on your behavior in the NOW moment.

Learning Lesson:  Listen to Emotion > Change my state > ASK QUESTIONS > Focus on the process/grind.  Shrug it off and keep moving forward !!

PREMEDITATIO MALORUM

FEAR SETTING / FEAR REHEARSAL for the week:

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

1)  FOMO ------------------------------Pre-Market Preparation -------- Sleep on Time to wake up on time

2)  FOMO ----------------------- Follow ONLY Playbook Trades --- There's always opportunity LATER

3)  Fear of Losing $$$$------ Bracket the orders and let SL get hit ------- Reassess if Entry was correct

WHAT ARE THE BENEFITS OF PARTIAL SUCCESS:

1) As long as I remain resilient and refine my systems--I am one step closer to CPT

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

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

Accept the emotions and no longer identify with them.  It's much easier to see things in the external world without passing judgement on them..

Emergency Review August 06

Target Problems:

Impatience:  

I'm running into problems of impatience, possible factors are as follows:

1)  Not finishing AM routine fully = Not doing all the trading prep work necessary for the highest probability of success.

2)  Not set in a familiar environment or in a Familiar environment but with potential interruptions that will cause distractions from trading.

3)  Not doing Daily Visualizations/Meditations.  Too much winging it and I'm getting sloppy and impatient entries on the front side shorts with too big of size.

Plan of Action:

1)  Adherance to Routine !!!  MANDATORY TIMEOUT + CAN'T TRADE UNTIL AM ROUTINE IS COMPLETE..  Fucking Hanoi all over again !!  No Visualizations +  Meditations = NO FUCKING TRADING !!!

2)  Verbalizing + Visualizing Play PRIOR to entering the trade.  If Price Action doesn't hit my visualizations = Fuck it and just MISS / LET THE TRADE GO !!!

3)  Plotting Support / Resistance PRIOR to entering the trade, if no resistance = NOTE it in the chart using TEXT !!!

4)  Confirming Behavior change using VOLUME !!!  MOST FCKING IMPORTANT SHIEEEEET EVER !!!!

5)  There will be some stress relating to finding a new apartment.  Until we can get settled in, I need to quantify and track my stress/mental resources MUCH closer at the:

     - AM Routine

     - Prior to trading

     - After I traded

     - PM Routine

This will be enforced using an Index Card located on my monitor.  MANDATORY for 2 weeks!!

Side note to track this month:

Track Progress if I Stop out on the Front Side 1/4th Instead of Sizing up???

August Playbook:

1)  Bounce Short- 10m>30m>50m resistance, >50%+ on HOD = $15k, $25k, $35k Max Pos Size

*** No more than 1/4 Size on the front side and Only add the last 1/2 on the b/d of 15m candle, cover 1/3 on 15m EMA, cover up to 1/4 at 50% of spike, 1/4 size at EOD.
2)  Bounce Short FMC- up at least 40% on HOD wait for 400k+ 5m stuff candle or trend breakdown near resistance = 1/4-1/3 of Bounce Short Size
3)  AM Mean Rev / Intraday Gap Reversal- Must be 1:2 Risk/Reward from EMA + LowrHighs = 2R on 5EMA, 4R on 15EMA.  Size in 1/3rds.  5min cover 1/4 at 1st target and 15min cover ALL at 2nd target unless it's a bounce short !! Can hold 1/4 up to 30m Target if situation provides the opportunity.  Max Position Size = $10k.  If 2 Factors from High Risk Play, Max Pos Size = $5k.  Revisit at Mid-Month and double if doing well after 1st week. If >$20 stock, Max Pos Size $30k
4)  AM Mean Rev 1st Bounce- Avg must be in upper 60% of range, use 5m candle minimum= 1/4 of Max size for that trade Cover ALL at 1st target unless a Bounce Short.

TRADING GOALS TIL END OF August:

1)  Maintain Mandatory >50% Setups until mid August for mid-month Review, SLOW IT DOWN !! Do the prep work required-- Recon 1 + Recon 2 !!  Set Alerts and turn off Trading Setup after 11AM if slow day !!

2)  ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering
3)  ALL TRADES are Mandatory based off the 15m Chart Post 10AM, and 30m TF Post Noon.
4)  HIGHLIGHT HIGH RISK PLAYS PRIOR TO ENTERING !!:
          - Fresh Chart or NO DAILY RESISTANCE and shorting <50%
          - <2m Float
          - >1m Volume in Pre-Market
          - Positive Phase II or III Trials
          - BigCap Company mentioned in Press Release

5)  No 2nd Green Day/No resistance Trades unless it 100% 1st day and 100% on 2nd Day.

Discipline is a lagging indicator.  Focus on your behavior in the NOW moment.

Learning Lesson:  Listen to Emotion > Change my state > ASK QUESTIONS > Focus on the process/grind.  Shrug it off and keep moving forward !!

If there is nothing today fitting the criteria, either study or take the day off !!!

July Monthly Review

Review of July GTOs:

July Playbook Revised:
1)  Bounce Short- 10m>30m>50m resistance volumes and 50%+ on HOD = 2k, 4k, 6k shares  Will be readjusting share size to skill level.
2)  Bounce Short FMC- up at least 40% on HOD wait for 400k+ 5m stuff candle or trend breakdown near resistance = 1k, 2k, 3k shares Will consider removing this completely since this strategy will fall under new entry and sizing rules for the Bounce Short strategy.
3)  AM Mean Rev / Intraday Gap Reversal- Must be 1:2 Risk/Reward from EMA + LowrHighs = 2R on 5EMA, 4R on 15EMA.  Size in 1/3rds.  5min cover 1/4 at 1st target and 15min cover 1/2 at 2nd target unless it's a bounce short !!  No adjustments, was working well this month.
4)  AM Mean Rev 1st Bounce- Avg must be in upper 60% of range, use 5m candle minimum= 1/4 of Max size for that trade Cover ALL at 1st target unless a Bounce Short.  I had much less problems with Bad bounce adds this month than I did in June.

TRADING GOALS TIL END OF JULY:

1)  Maintain this size until mid July for mid-month Review, SLOW IT DOWN !! Do the prep work required-- Recon 1 + Recon 2 !!  Shit was all over the place while traveling.  When I got home, I still didn't have my shit together and it SHOWS in my trading.  Get your shit together, Complete the routine, calm your mind and do your Recon 1 + Recon 2 PRIOR to entering the trade.
     SUCCESS is when PREPARATION meets OPPORTUNITY !! Do the Prep Work !!
2)  ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering Totally forgot about this !!  This can totally help me out on my Non-Playbook Trades and Boredom Trading which was a massive epidemic this month.
3)  ALL TRADES are based on the 5min Chart as a minimum.. with focus on S/R Levels, If there is no S/R Levels, Focus on Price action and 15m Chart !!! #1 Priority is S/R Levels, #2 is th 15m TF minimum now after 10AM or Shares above 20m. Mandatory 30m TF after NOON !!
4)  HIGHLIGHT HIGH RISK PLAYS PRIOR TO ENTERING !!:
          - Under $2.00 Stock
          - <2m Float
          - >1m Volume in Pre-Market
          - Positive Phase II or III Trials
          - BigCap Company mentioned in Press Release FUCKING APRN !!

5)  No 2nd Green Day/No resistance Trades unless it 100% 1st day and 100% on 2nd Day.  The one thing I didn't have problems with was because I wasn't active enough to see a 2nd day trade!!

Month Progress:

     As a backdrop on what happened this month.  The first week was extremely slow. 2 days I didn't trade.  I had 2 good trades but had 9 Random Trades.  Lots of them were AM Mean Rev on Higher Mktcap stocks.  Being on the 15m TF really helped on the higher caps.  The slow market really got me bored and I will be traveling from July 10 on til the end of the month.

     Trading while traveling was a horrible experience for me as the month went on.  In the beginning it was nice because I felt like a sniper and I only traded the best setups.  CEI Bounce short I noticed while in a hotel in tokyo and I sized in nice but got caught in a squeeze, I was able to capitalize on the squeeze to add at the top, however because of the squeeze I took profits way earlier than planned.  It still ended well and caught the 1st bounce and even held a piece (600shares) till the close which I went to sleep and woke up to close the position for.

     I tried to trade in Korea, but by then, I was too tired and wasn't in the right calmness to trade.  I got impatient and got in trades too early.  I wasn't able to stop out and sized up against the plan.  When the trade finally went in my favor, I covered too much too early since I was already too mentally tired to see the trade through to the profit targets with proper size.  I basically scaled down the size to where I was prior to the squeeze cutting the profits short on the adds I had on the top.  On the 19th I ended up getting squeezed scalping short in a BYND that was breaking out on the daily.  I did NOT see the BYND at the time even though in hindsight was a very clear sign of a b/o on the daily.  I told myself I was out of it and stopped trading til I get home.

     Trading at home, I ran into similar problems I had earlier in the year.  1)  Interruptions are still there  2)  Even though i'm alot calmer, I still let it distract me and it shows in my trading.  Key things learned will be below.

1)  I'm taking trades away from my niche using the AM Mean Rev Strategy.  Although it's good that i'm experimenting/expanding my playbook.  This was unplanned and is contributing to me being restless from not being able to trade.  For the 1st half of August.  NO non-niche plays will be made and the mandatory >50% only setups will be enforced.

2)  Plans will be Mandatory based off the 15m Chart Post 10AM, and 30m TF Post Noon.

3)  At a minimum, get back to 100% AM Routine Completion.

Charts that got me in trouble:

As a reminder to what happens If I let myself be undisciplined/too fucking stupid:

This (August) MONTH'S FOCUS is PATIENCE and not playing anything under 50%, 2-4 entries with last 1/2 size on the backside ONLY and 3 exits max

GTOs til End of August:

August Playbook:
1)  Bounce Short- 10m>30m>50m resistance, >50%+ on HOD = $15k, $25k, $35k Max Pos Size
*** No more than 1/4 Size on the front side and Only add the last 1/2 on the b/d of 15m candle, cover 1/3 on 15m EMA, cover up to 1/4 at 50% of spike, 1/4 size at EOD.
2)  Bounce Short FMC- up at least 40% on HOD wait for 400k+ 5m stuff candle or trend breakdown near resistance = 1/4-1/3 of Bounce Short Size
3)  AM Mean Rev / Intraday Gap Reversal- Must be 1:2 Risk/Reward from EMA + LowrHighs = 2R on 5EMA, 4R on 15EMA.  Size in 1/3rds.  5min cover 1/4 at 1st target and 15min cover ALL at 2nd target unless it's a bounce short !! Can hold 1/4 up to 30m Target if situation provides the opportunity.  Max Position Size = $10k.  If 2 Factors from High Risk Play, Max Pos Size = $5k.  Revisit at Mid-Month and double if doing well after 1st week. If >$20 stock, Max Pos Size $30k
4)  AM Mean Rev 1st Bounce- Avg must be in upper 60% of range, use 5m candle minimum= 1/4 of Max size for that trade Cover ALL at 1st target unless a Bounce Short.

TRADING GOALS TIL END OF August:

1)  Maintain Mandatory >50% Setups until mid August for mid-month Review, SLOW IT DOWN !! Do the prep work required-- Recon 1 + Recon 2 !!  Set Alerts and turn off Trading Setup after 11AM if slow day !!
2)  ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering
3)  ALL TRADES are Mandatory based off the 15m Chart Post 10AM, and 30m TF Post Noon.
4)  HIGHLIGHT HIGH RISK PLAYS PRIOR TO ENTERING !!:
          - Fresh Chart or NO DAILY RESISTANCE and shorting <50%
          - <2m Float
          - >1m Volume in Pre-Market
          - Positive Phase II or III Trials
          - BigCap Company mentioned in Press Release

5)  No 2nd Green Day/No resistance Trades unless it 100% 1st day and 100% on 2nd Day.

Discipline is a lagging indicator.  Focus on your behavior in the NOW moment.

Learning Lesson:  Listen to Emotion > Change my state > ASK QUESTIONS > Focus on the process/grind.  Shrug it off and keep moving forward !!

If there is nothing today fitting the criteria, either study or take the day off !!!

PREMEDITATIO MALORUM

FEAR SETTING / FEAR REHEARSAL for the week:

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

1)  FOMO ------------------------------Pre-Market Preparation -------- Sleep on Time to wake up on time

2)  FOMO ----------------------- Follow ONLY Playbook Trades --- There's always opportunity LATER

3)  Fear of Losing $$$$------ Bracket the orders and let SL get hit ------- Reassess if Entry was correct

WHAT ARE THE BENEFITS OF PARTIAL SUCCESS:

1) As long as I remain resilient and refine my systems--I am one step closer to CPT

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

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

Accept the emotions and no longer identify with them.  It's much easier to see things in the external world without passing judgement on them..

June Monthly Review

Review of June GTOs:

June Playbook:
1)  Bounce Short- 10m>30m>50m resistance volumes and 50%+ on HOD = 2R, 4R, 6R Main Bread and Butter Setup
2)  Bounce Short FMC- up at least 40% on HOD wait for 400k+ 5m stuff candle or trend breakdown near resistance = 1R #3 Setup, MUST fill on ASK and no more than 7% from HOD
3)  AM Mean Rev / Intraday Gap Reversal- Must be 1:2 Risk/Reward from EMA + LowrHighs = 1R Modified into #2 MTF AM MeanRev Strategy
4)  PM Mean Rev / Only with Daily Resistance + AM Resistance, overextended from EMA's  Modified, PM Mean Rev's will only be on already dying charts from the AM
5)  Range Consolidation Short = Must be 1:2 Risk/Reward from HigherTF, Entry is top half of range, can add MoMo if really overextended and Consolidation >3hrs Combined with MTF AM MeanRev Strategy
6)  Gap UP Short- 70% Gap, 10%+ AM Spike only = 30 Combined with MTF AM MeanRev Strategy
7)  Gap UP FMC- up 60%+ AND must have 400k+ stuff candle +trendbreakdown = 30 Removed

TRADING GOALS TIL END OF JUNE:

1)  Size up x2 of current size mid-june Went a little crazy on size this month.  It was a period of size discovery for sure.  Went up to 400shares on BYND and 5kshares on RAD.. Largest Daily Volume was half mil on BYND.  Too much risk tacked on for the size I was taking on..

2)  ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering  I had 5 Non-Nich Trades
2)  ALL TRADES are based on the 5min Chart.. FCK the VWAP focus on S/R Levels !!! #1 Priority is S/R Levels, then 15m and 5m charts as last !!

3)  SLOW IT DOWN !! Do the prep work required and Analyzed the Support/Resistance Levels + Where's the trend at?  CIRCLE Breakouts/Breakdowns !!!  I haven't bn circling the b/o and b/ds.

4)  Crowded or FMC Trades.. Be patient for Trend Breakdown and 400k 5m stuff candle  I was in a crowded trade but kept my head cool and then stayed out when it kept trending up midday til close.  It tanked with an offering the next day and big eyebrows killed it but it was all luck from there.

5)  Focus on starting your day with 1 playbook trade.  **DO my After Trade Actions (ATA) !!!** Monitor execution of ATAs, refine as needed.  Mental resources is key to trading well.  I NEVER did my ATAs this month.

6)  No 2nd Green Day/No resistance Trades unless it 100% 1st day and 100% on 2nd Day.  This wasn't a problem this month.. I did trade on the 2nd green day i think only when it para'd, i skipped 2nd green days most of the time when it faded on the open.. not my play..

Month Progress:

1)  From mid Month Review, Bad bounce add's have trickled down and I have either been more patient with letting it come to my preferred price or I just totally pass on the trade.  I get screwed when I use VWAP/EMAs as a guide for my entries on the bounces instead of just letting price action dictate where I should enter.  Always look at Price Action !!

2)  My best trades have been after 10 and utilizing the 15m and 5m TF.  For this month, the 1m and Lvl II tick will only be used for the first 10mins of the open and after that only as a way to monitor Price action and volume.  ALL Trade Plans will be based off 15m/5m TF !!

3)  9 Bad Bounce adds, 4 Revenge Trading, 3 Shorted too early + 3 Caught in Squeeze, 4 Hit 1h but was out, 7 Hit 30m but was out, 8 Hit 15m but was out, 5 Hit 15m, 2 Hit 30m, 1 Did not follow prepped plan, 1 Fat Finger error, 5 Stopped out but went back in

4)  Best trades at the moment seems to have 2-4entries with 3 exit targets.  Share size I feel i can handle is between 1-3k shares depending on price.

     $1.50 - $3.00 = 1k shares

     $3.00+           = 2k shares, up to 5k on 15m squeezed plays only !!

Charts that broke Strategy:

1)  ELTK 5/29

2)  LJPC 6/6

3)  XSPA 6/26

ELTK, XSPA had <2m Float and rotated x10+ for the day.

XSPA had no Premkt Gap (which I traded)

LJPC was a positive Phase II Trial

Highly Recommended!!!:  When watching/trading HIGH RISK Stocks that they be Highlighted somehow and ONLY use 15m+ higher TF when planning Trades.

This (July) MONTH'S FOCUS is to still be Selective and 

Trading ONLY PLAYBOOK Plays, Size will need to be 2k shares with 2-4 entries and 3 exits max

GTOs til End of June:

July Playbook Revised:  Share Size = 2k, $10k Position Max Size
1)  Bounce Short- 10m>30m>50m resistance volumes and 50%+ on HOD = 2k, 4k, 6k shares
2)  Bounce Short FMC- up at least 40% on HOD wait for 400k+ 5m stuff candle or trend breakdown near resistance = 1k, 2k, 3k shares
3)  AM Mean Rev / Intraday Gap Reversal- Must be 1:2 Risk/Reward from EMA + LowrHighs = 2R on 5EMA, 4R on 15EMA.  Size in 1/3rds.  5min cover 1/4 at 1st target and 15min cover 1/2 at 2nd target unless it's a bounce short !!
4)  AM Mean Rev 1st Bounce- Avg must be in upper 60% of range, use 5m candle minimum= 1/4 of Max size for that trade Cover ALL at 1st target unless a Bounce Short.

TRADING GOALS TIL END OF JUNE:

1)  Maintain this size until mid July for mid-month Review, SLOW IT DOWN !! Do the prep work required-- Recon 1 + Recon 2 !!
2)  ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering
3)  ALL TRADES are based on the 5min Chart as a minimum.. with focus on S/R Levels, If there is no S/R Levels, Focus on Price action and 15m Chart !!!
4)  HIGHLIGHT HIGH RISK PLAYS PRIOR TO ENTERING !!:
          - <2m Float
          - >1m Volume in Pre-Market
          - Positive Phase II or III Trials
          - BigCap Company mentioned in Press Release

5)  No 2nd Green Day/No resistance Trades unless it 100% 1st day and 100% on 2nd Day.

Discipline is a lagging indicator.  Focus on your behavior in the NOW moment.

Learning Lesson:  Listen to Emotion > Change my state > ASK QUESTIONS > Focus on the process/grind.  Shrug it off and keep moving forward !!

If there is nothing today fitting the criteria, either study or take the day off !!!

PREMEDITATIO MALORUM

FEAR SETTING / FEAR REHEARSAL for the week:

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

1)  FOMO ------------------------------Pre-Market Preparation -------- Sleep on Time to wake up on time

2)  FOMO ----------------------- Follow ONLY Playbook Trades --- There's always opportunity LATER

3)  Fear of Losing $$$$------ Bracket the orders and let SL get hit ------- Reassess if Entry was correct

WHAT ARE THE BENEFITS OF PARTIAL SUCCESS:

1) As long as I remain resilient and refine my systems--I am one step closer to CPT

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

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

Accept the emotions and no longer identify with them.  It's much easier to see things in the external world without passing judgement on them..

Weekly Review June 3/4

Month Progress:

1)  Bad bounce add's are slowly being removed and have better timing on the bounces.

2)  I'm getting antsy during the open especially when it's slow.  I jumped on a stock that met no criteria yesterday.  I do notice that the best trades I had was after 10 BUT, this week the moves has been in pre-market or i'll miss them.

3)  Because I got FOMO from missing some pre-market trades, I traded BYND too early in the open and got squeezed HARD !!.. Bounces needs to be based off resistance levels 1st before basing it off the candles...

4)  I've been good at staying level headed and really focus in on the price action well other than the two times listed on #2 and #3.

5)  The 2nd week has not been based off the appropriate risk levels, I've sized up too much and need to size back down to the appropriate size until i've calmed down during this stupid slow market..

GTOs til End of June:

June Playbook Revised:  R=50
1)  Bounce Short- 10m>30m>50m resistance volumes and 50%+ on HOD = 2R, 6R, 10R
2)  Bounce Short FMC- up at least 40% on HOD wait for 400k+ 5m stuff candle or trend breakdown near resistance = 1R, 2R, 3R
3)  AM Mean Rev / Intraday Gap Reversal- Must be 1:2 Risk/Reward from EMA + LowrHighs = 2R on 5EMA, 4R on 15EMA.  Size in 1/3rds.  5min cover 3/4 at 1st target and 15min cover 1/2 at 1st target unless it's a bounce short !!
4)  AM Mean Rev 1st Bounce- Avg must be in upper 60% of range, use 5m candle minimum=1R Cover ALL at 1st target unless a Bounce Short.
5)  Gap UP Short- 70% Gap, 10%+ AM Spike only = 30
6)  Gap UP FMC- up 60%+ AND must have 400k+ stuff candle +trendbreakdown = 30

Base risk on nothing smaller than 30cents !!!

TRADING GOALS TIL END OF JUNE:

1)  Maintain this size until end of June, SLOW IT DOWN !! Do the prep work required and Analyzed the Support/Resistance Levels + Where's the trend at?  CIRCLE Breakouts/Breakdowns !!!
2)  ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering
3)  ALL TRADES are based on the 5min Chart.. with focus on S/R Levels !!!

4)  No 2nd Green Day/No resistance Trades unless it 100% 1st day and 100% on 2nd Day.

Discipline is a lagging indicator.  Focus on your behavior in the NOW moment.

Learning Lesson:  Listen to Emotion > Change my state > ASK QUESTIONS > Focus on the process/grind.  Shrug it off and keep moving forward !!

If there is nothing today fitting the criteria, either study or take the day off !!!

PREMEDITATIO MALORUM

FEAR SETTING / FEAR REHEARSAL for the week:

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

1)  FOMO ------------------------------Pre-Market Preparation -------- Sleep on Time to wake up on time

2)  FOMO ----------------------- Follow ONLY Playbook Trades --- There's always opportunity LATER

3)  Fear of Losing $$$$------ Bracket the orders and let SL get hit ------- Reassess if Entry was correct

WHAT ARE THE BENEFITS OF PARTIAL SUCCESS:

1) As long as I remain resilient and refine my systems--I am one step closer to CPT

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

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

Accept the emotions and no longer identify with them.  It's much easier to see things in the external world without passing judgement on them..

May Monthly Review

This (June) MONTH'S FOCUS is Being Selective and 
Trading ONLY PLAYBOOK Plays, Size up after 1wk

GTOs til End of June:

June Playbook:
1)  Bounce Short- 10m>30m>50m resistance volumes and 50%+ on HOD = 2R, 4R, 6R
2)  Bounce Short FMC- up at least 40% on HOD wait for 400k+ 5m stuff candle or trend breakdown near resistance = 1R
3)  AM Mean Rev / Intraday Gap Reversal- Must be 1:2 Risk/Reward from EMA + LowrHighs = 1R
4)  PM Mean Rev / Only with Daily Resistance + AM Resistance, overextended from EMA's
5)  Range Consolidation Short = Must be 1:2 Risk/Reward from HigherTF, Entry is top half of range, can add MoMo if really overextended and Consolidation >3hrs
6)  Gap UP Short- 70% Gap, 10%+ AM Spike only = 30
7)  Gap UP FMC- up 60%+ AND must have 400k+ stuff candle +trendbreakdown = 30 

TRADING GOALS TIL END OF JUNE:

1)  Size up x2 of current size mid-june
2)  ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering
2)  ALL TRADES are based on the 5min Chart.. FCK the VWAP focus on S/R Levels !!!

3)  SLOW IT DOWN !! Do the prep work required and Analyzed the Support/Resistance Levels + Where's the trend at?  CIRCLE Breakouts/Breakdowns !!!
4)  Crowded or FMC Trades.. Be patient for Trend Breakdown and 400k 5m stuff candle
5)  Focus on starting your day with 1 playbook trade.  **DO my After Trade Actions (ATA) !!!** Monitor execution of ATAs, refine as needed.
6)  No 2nd Green Day/No resistance Trades unless it 100% 1st day and 100% on 2nd Day.

Discipline is a lagging indicator.  Focus on your behavior in the NOW moment.

Learning Lesson:  Listen to Emotion > Change my state > ASK QUESTIONS > Focus on the process/grind.  Shrug it off and keep moving forward !!

If there is nothing today fitting the criteria, either study or take the day off !!!

PREMEDITATIO MALORUM

FEAR SETTING / FEAR REHEARSAL for the week:

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

1)  FOMO ------------------------------Pre-Market Preparation -------- Sleep on Time to wake up on time

2)  FOMO ----------------------- Follow ONLY Playbook Trades --- There's always opportunity LATER

3)  Fear of Losing $$$$------ Bracket the orders and let SL get hit ------- Reassess if Entry was correct

WHAT ARE THE BENEFITS OF PARTIAL SUCCESS:

1) As long as I remain resilient and refine my systems--I am one step closer to CPT

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

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

Accept the emotions and no longer identify with them.  It's much easier to see things in the external world without passing judgement on them..