Tuesday, February 26, 2019

Weekly Review February 4/4

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.  Consistently keep improving on this.
2)  Execute Patience/Meditation consistently, Monitor and refine as needed.  Maintain this.
3)  Monitor adherence to daily preparation routines, refine as needed.  Maintain this.

TRADING GOALS FOR THIS WEEK:
1)  SLOW IT DOWN !! Do the prep work required and Analyze the Support/Resistance Levels + Where's the trend at?  CIRCLE Breakouts/Breakdowns !!!  Maintain this.
2)  No Experimentation.  PLAYBOOK TRADES ONLY !!  No Meditation = NO TRADING !! NO TRADING PAST 11AM CST unless MBOT Type-Trade.  I'm still on the fence on this one.
3)  Focus on starting your day with 1 playbook trade.  **DO my After Trade Actions (ATA) !!!** Monitor execution of ATAs, refine as needed.  APPLY THIS !!!


Thoughts/Learning Lessons:

I'm still on the fence about breaking away with the 5min PB.  It feels so much better just letting the stock come to me shorting than I do trying to get filled on the ask on a 5min PB.  The main reason I DON'T want to remain longing for now is that I end up FOMOing and doing trades OTHER than a 5min PB.  At leos, I ended up doing a 1min PB during the open.  I still feel that I can make it work but it does have bigger risks that if I just went short-biased.  Til the end of March, I'll be sticking to 5min PB w/ 2R + 1min PB w/ 1R (After a b/o and before 0945 only) and DUX SHORTS w/ 4R and Afternoon MeanRev w/ 2R and Short Line2Line w/ 1R.  That's my playbook..

I will be traveling overseas again next week.  Take things slow...

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

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

Last wk Learning Lesson:  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 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.
2)  Execute Patience/Meditation consistently, Monitor and refine as needed.
3)  Monitor adherence to daily preparation routines, refine as needed.

TRADING GOALS TIL END OF MARCH:
1)  NO BREAKOUT TRADING !!!
2)  SLOW IT DOWN !! Do the prep work required and Analyzed the Support/Resistance Levels + Where's the trend at?  CIRCLE Breakouts/Breakdowns !!!
3)  No Experimentation.  PLAYBOOK TRADES ONLY !!  No Meditation = NO TRADING !! NO TRADING PAST 11AM CST unless MBOT Type-Trade
4)  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..