Saturday, February 2, 2019

Weekly Review February 2/4

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.
2)  Execute Patience/Meditation consistently, Monitor and refine as needed.
3)  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?  CIRCLE Breakouts/Breakdowns !!!
2)  No Experimentation.  PLAYBOOK TRADES ONLY !!  No Meditation = NO TRADING !! NO TRADING PAST 11AM CST unless MBOT Type-Trade
3)  Focus on starting your day with 1 playbook trade.  **DO my After Trade Actions (ATA) !!!** Monitor execution of ATAs, refine as needed.


Thoughts/Learning Lessons:

This week was meh.  I barely woke up on time on majority of the days.
Monday- Very nice on ZKIN, dux got it but seeing the Monthly VWAP so close, i opted out.  I didn't want to chase either and just watched.  I realized that Monthly VWAP should only be used AFTER the 1st day OR a bounce using something in the last 30days as resistance.  I wanted to chase but I stopped myself.  PHIIK was something that I watched as well, but low volume I didn't want to execute.
Tuesday-  Woke up late as usual at 11am, traded EOLS, low float but higher priced.  I couldn't get executed at my ideal price target target, I kept lowering until I said no more.  I fomo'd and got filled below where I said "no more".  Because of the lousy entry, I ended up managing the position like crap.  Told myself that this was going to be my last non-playbook trade.  AMRS was another after EOLS that I was watching and FOMO'd from the ideal entry.  I got in on the 2nd leg down and covered when the selling dried up and reversing.
Wed-Fri-  Just kept waking up late,  I did however made it my goal to go through ALL my AM routine prior and 3rd person visualization/meditation before doing anything else.  I also started improving my daily psych journal with more recommendation from the Daily Trading Coach.

Learning Lesson #1:  FUCKING GO TO BED ON TIME = Wake up on TIME !!!
     -  Be in bed by 930pm.. Lights out by 1030pm
     -  No Electronic Devices in bed

Learning Lesson #2:  Listen to Emotion > Change my state > ASK QUESTIONS > Focus on the process/grind.  Shrug it off and keep moving forward !!

FOCUS is MANDATORY in decision-making.. Inability to focus well due to mental distractions, interruptions, physical/mental fatigue will cost me dearly...


This (February) MONTH'S FOCUS is on solution-based therapy.  I will strictly focus on what I DID RIGHT in JANUARY and keep replicating those actions/behaviors.

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 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?  CIRCLE Breakouts/Breakdowns !!!
2)  No Experimentation.  PLAYBOOK TRADES ONLY !!  No Meditation = NO TRADING !! NO TRADING PAST 11AM CST unless MBOT Type-Trade
3)  Focus on starting your day with 1 playbook trade.  **DO my After Trade Actions (ATA) !!!** Monitor execution of ATAs, refine as needed.


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..

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