GTOs from Last Week:
GOALS FOR THIS WEEK:
1) Execute modified Visualization techniques to include 3rd person +Boss/Employee visualizations. Monitor adherence to daily routine. This went well, I have attached it to my meditation habit and replaced the memory palace visualization with the 3rd person+Boss/Employee visualization. This is also how I keep track it and keep myself accountable.
2) Monitor execution of After Action Reports, refine as needed. Every single day I review my trades, I attach it to my habit of going to starbucks. I record my AAR on my Trading Journal google spreadsheets and this is how I track and keep myself accountable.
3) Monitor adherence to daily preparation routines, refine as needed. Every single day I log my habits on my google spreadsheets, daily prep routines could be improved by giving myself more time in the morning, sleep on time the night before. I also came up short twice on my PM habits this week.
2) Monitor execution of After Action Reports, refine as needed. Every single day I review my trades, I attach it to my habit of going to starbucks. I record my AAR on my Trading Journal google spreadsheets and this is how I track and keep myself accountable.
3) Monitor adherence to daily preparation routines, refine as needed. Every single day I log my habits on my google spreadsheets, daily prep routines could be improved by giving myself more time in the morning, sleep on time the night before. I also came up short twice on my PM habits this week.
TRADING GOALS FOR THIS WEEK:
1) Trade 1 1min Playbook/GOOD TRADE in the open. Other than thursday, this rule has achieved the intended goal of slowing myself down and being very selective on what stock to trade.
2) Timeout 1 5min Playbook/GOOD TRADE after 10am. This has forced me to be very selective and slow myself down to prevent reacting to fomo. Having this also gives me a clearer mind to analyze support/resistance levels as well as trends to set my trade plans with increased accuracy.
3) 50$=R, 100$/day max loss. I followed this well this week !!!
Thoughts/Learning Lessons:
At the beginning of the week, I started out with more confidence than last week.
8 Trades
6 Good Trades, 1 Fomo, 1 Misc Error (3 Good Trades were based on flawed Playbook Trades which are now refined)
Learning Lesson #1: 4 Max ACTIVELY WATCHING STOCKS at the open.
Learning Lesson #2: Feeling rushed/improper preparation = No trading the first 5mins = GOOD RULE !! Make sure I execute proper sleeping procedures so I'm refreshed for preparation the next day.
Learning Lesson #3: AFTER TRADE PROCEDURES MUST BE DONE !!
Learning Lesson #4: Look for signs opposite of my trades--BUT either size down or Let myself get stopped out.. Only those two decisions are appropriate so I don't get scared out.
Learning Lesson #5: CHOOSE A BIAS for the OPEN BUT make sure your head is leveled when your ACTIVELY listening to the market so you don't get stuck on the WRONG SIDE of the TREND !!!
Learning Lesson #2: Feeling rushed/improper preparation = No trading the first 5mins = GOOD RULE !! Make sure I execute proper sleeping procedures so I'm refreshed for preparation the next day.
Learning Lesson #3: AFTER TRADE PROCEDURES MUST BE DONE !!
Learning Lesson #4: Look for signs opposite of my trades--BUT either size down or Let myself get stopped out.. Only those two decisions are appropriate so I don't get scared out.
Learning Lesson #5: CHOOSE A BIAS for the OPEN BUT make sure your head is leveled when your ACTIVELY listening to the market so you don't get stuck on the WRONG SIDE of the TREND !!!
Overall: My playbook is getting more refined, my analysis skills have increased and my execution skills/habits are stronger. My current trajectory is improving each day and each week. I'm a little worried about my results but I tell myself that as long as my current trajectory is up.. the results will follow later. PATIENCE... Having more patience than others will provide me the emotional edge and clear mind to base/execute decisions from.. I also have a MUCH stronger support/resistance/trend analysis than last week. Work on HABITS, Discipline is a LAGGING INDICATOR...
GTOs for this week:
GOALS FOR THIS WEEK:
1) Execute modified Visualization techniques to include 3rd person +Boss/Employee visualizations. Monitor adherence to daily routine.
2) Execute Patience/Meditation consistently, Monitor and refine as needed.
3) Monitor execution of After Action Reports, refine as needed.
4) Monitor adherence to daily preparation routines, refine as needed.
2) Execute Patience/Meditation consistently, Monitor and refine as needed.
3) Monitor execution of After Action Reports, refine as needed.
4) Monitor adherence to daily preparation routines, refine as needed.
TRADING GOALS FOR THIS WEEK:
1) SLOW IT DOWN !! Do the prep work required and Analyzed the Support/Resistance Levels + Where's the trend at?
2) Trade 1 1min Playbook/GOOD TRADE in the open.
2) Trade 1 1min Playbook/GOOD TRADE in the open.
3) 1 5min Playbook/GOOD TRADE after 0935.
4) 25$=R, 100$/day max loss for MoMo. $50=R for MeanRev. 2 Losses Max/day.
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.
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