Weekly Review January 2/4

GTOs from Last Week:

GOALS FOR THIS WEEK:

1)  Form a baseline for the week to base next week's goals on.
2)  Monitor adherence to daily routines and adjust daily as needed for progress

TRADING GOALS FOR THIS WEEK:

1)  Not screw up TOO MUCH !!
2)  When I screw up, review it and adjust/reinforce appropriate system as necessary.  Monitor Progress of how system does from then on.

Thoughts/Learning Lessons:

At the beginning of the week, I started out with no confidence at all in my abilities.  I knew that my systems are much more refined than where they were at previously.  My thoughts on the week was just to execute my systems as planned, monitor my progress and revise the systems as the opportunity arose.

Looking back-  My execution was much better than I expected.

6 Trades, 3wins-3losses (50%)

P&L was positive for the week

Learning Lesson #1:  Plan was Overextended Gap Up Short on AXSM,  Entry was good, I failed to set a stop loss and got scared out of my position.  Stock eventually went down as planned.

Learning Lesson #2:  Plan was to Dip buy ROKU on a reversal.  I DID NOT know at the time that I was countertrending so early in the day.  ANALYZE AND FOLLOW THE TREND VERY WELL.  Playbook trade is now more appropriate and system has been set to prevent future error. "No reversal trades PRIOR to 10AM."

Learning Lesson #3:  Plan was to Short MU for a reversal.  I did not have the system mentioned on LL#2 yet at the time.  This trade is what opened my eyes on what it is what I was doing.  Other than FOMO, trying to catch reversals are my TOP 2 reasons for having big losses in the past 2yrs.  New systems in place are to analyze the trend much much more thoroughly, proper preparation premarket, no reversals til 10AM and must be very overextended to have a good risk/reward trade on the reversal--more patience and I've been opposite of the front side of the move for far too long.. Right now, I'd rather miss out on reversals than play some of these fuckers.. I CANNOT go opposite the trend unless a FUCK YOU pattern has appeared on the 1min chart..

Overall, I feel a tremendous growth in my abilities.  Both in my ability to analyze the trend, support+resistance levels and just my plain confidence in being able to execute the trading plans.

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)  Monitor execution of After Action Reports, refine as needed.
3)  Monitor adherence to daily preparation routines, refine as needed.

TRADING GOALS FOR THIS WEEK:

1)  Trade 1 1min Playbook/GOOD TRADE in the open.

2)  Timeout 1 5min Playbook/GOOD TRADE after 10am.

3)  50$=R, 100$/day max loss.

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 / Zombie trades--I will preserve my capital and improve my discipline.