Tuesday, March 5, 2019

Monthly Review + 2 Week No Trading Break

This (March) MONTH'S FOCUS is Being Selective and 
Trading ONLY THE BEST PLAYS WITH R/R at least 1:2

GTOs til End of March:

GOALS TIL END OF MARCH:
1)  Execute modified Visualization techniques to include 3rd person +Boss/Employee visualizations.  Monitor adherence to daily routine.  If I don't do this in the AM Prep = NO TRADE
2)  Execute Patience/Meditation consistently, Monitor and refine as needed.  If I don't do this in the AM Prep = NO TRADE
3)  Monitor adherence to daily preparation routines, refine as needed.

TRADING GOALS TIL END OF MARCH:
1)  NO LONGS AT ALL!!!
2)  ALL TRADES are based on the 5min Chart.. FCK the VWAP focus on LINES !!!
3)  SLOW IT DOWN !! Do the prep work required and Analyzed the Support/Resistance Levels + Where's the trend at?  CIRCLE Breakouts/Breakdowns !!!
4)  No Experimentation.  PLAYBOOK TRADES ONLY !!  NO TRADING PAST 11AM CST unless MBOT Type-Trade
5)  Focus on starting your day with 1 playbook trade.  **DO my After Trade Actions (ATA) !!!** Monitor execution of ATAs, refine as needed.
6)  If stock closed strong and strong in Pre-market.. NO SHORTING until it develops H/S post 10am/11am !!  Mandatory no shorting <10m on first day. 2nd/3rd day, no shorting until post 10am/11am + H/S chart pattern !!!

Learning Lesson:  Once I've located a stock to trade--IGNORE THE CHATROOM !! Chatrooms are to be used as a SCANNER ONLY !!

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

I'm sooo tired of getting tossed around by long strats FOMOing me around and getting me tunnel visioned.. FCK THE 1min Chart and FCK the lvl 2 + Time and Sales..

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..

No comments:

Post a Comment