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..

Monday, February 18, 2019

Playbook Overhauled / Monthly Review was overwritten accidentally

I'm cutting all LONG strategies from my playbook until I build up my account.  Below is still work in progress but it is my comparison on where I'm at at the moment.



Status of Long Strategies:

Pros:

Cons:  
1)  It's harder to know when you're wrong vs a Short.  When the trend slows down where I take profits and then I need to stop out--there's usually a panic sell and hard to get filled.
2)  I get tunnel visioned and usually DO NOT judge my risk > inappropriate share size > uncontrolled risk.
3)  I tunnel vision and miss out the bigger picture charts and higher timeframe trends.
4)  I FOMO and chase hard.


Status of Short Strategies:

Pros:
1)  It's easier to know when you're wrong vs a Long.  I'm usually getting out of a trade as a scratch when I don't chase my short entries.
2)  It's much easier to judge my risk and place my stop at.
3)  I don't get FOMO'd as much because I let the price come to where I want it go.

Cons:
1)



Comments:
For rest of February and March--I will take only SHORT Trades and will Paper trade LONG Trades.

Saturday, February 16, 2019

Weekly Review February 3/4

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 I had combined my trading journal with my daily journaling.  I added an expectations/emotional questionnaire before trading and after trading as well. The expectations helps me gauge and clamp down on impatience and irritability during the super slow days.
Monday - Woke up late, made sure I completed the AM routine
Tuesday - Woke up late, traded NUVA which moved just like EOLS, AMRS from last week.  It was extetnded from 5m ema, I got short right after a stuffed candle. It broke down but it was not breaking below the prev low and reversing, I stopped out near my entry for a scratch.  I kept watching and saw it breaking down again but failed to get back on it.  This is the 3rd PM short pattern i've noticed, I'll prolly keep trading them as long as it's extended on the 5m EMA with 50$ risk.
Wednesday - I stayed up all night tuesday and traded DBD.  I'm still stuck between starting a size on breakdown/bid vs on a spike/ask.  I'm slowly switching to filling on the ask because I have more of a cushion to be wrong and still get out even vs shorting on the b/d and stopping out for a loss.  I will only initiate on the b/d to ADD to my size.
Thursday - Today was a mess.  Split focus between 2 tickers, split focus between strategies (Long vs short), FOMO, REVENGE, LISTENING TO CHATROOM was my biggest fails.  LL will be listed below and the refinements to my process.  I was so fcked by the end of trading that I started to get dizzy, My BP was measured at 108/65.. Crazy, this was the first time my BP was affected.
Friday - Took the day off to reset.

Learning Lesson #1:  All shorts till I'm CPT with Shorting.

Learning Lesson #2:  Once I've located a stock to trade--IGNORE THE CHATROOM !! Chatrooms are to be used as a SCANNER ONLY !!
Last wk 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

Last wk 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)  Choose a BIAS for ALL TRADES !!
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..

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..

Saturday, January 26, 2019

Weekly Review January 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.  This was fucked... My routine couldn't have been further off than what it was this week !!!
2)  Execute Patience/Meditation consistently, Monitor and refine as needed.  No routine/ NO MEDITATION = NO TRADE !!!
3)  Monitor execution of After Action Reports, refine as needed.  Much Better than last week, Also, focusing on only trading 1-2 times per day has made me very selective in the stock I play.
4)  Monitor adherence to daily preparation routines, refine as needed.  Horrible week.  Such a busy week.

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?  Really good except on Thursday when things just blew up.
2)  Trade 1 1min Playbook/GOOD TRADE in the open.  I've really hvent bothered.  I've focused mostly on 5min setups this week which was a good adjustment
3)  1 5min Playbook/GOOD TRADE after 0935.  Really good in helping me from overtrading.
4)  25$=R, 100$/day max loss for MoMo. $50=R for MeanRev.  2 Losses Max/day.  Really good rule to maintain,


Thoughts/Learning Lessons:

This week was a routine mess.  MLK monday/no trading.. Did not sleep on time, did not wake up on time, did not complete my morning routines, was physically fatigued, was hanging on mentally NOT to trade in the morning and was mentally fatigued by lunch time.  So much interruptions during the trading day.  So many distractions with my thoughts on other stuff that built up through the week.  Impatience built up on monday since it was a day off.  Traded well on Tuesday with 1 trade then left for houston.  Traded well on Wednesday with 1 trade then rushed to drive home to Mcallen.  Thursday I was just a mess.  I woke up late and MAINTAINED NOT TRADING during the morning.  Not sure what I was doing at home staring at the monitor on thursday, i wasn't at starbucks to prevent me from overtrading, I had ANOTHER interruption from my dad at lunch which got me FRUSTRATED.  I held myself from trading a good short on a pop in MBOT.  But as I was chatting in Dux's chatroom about a news play in PCG.. I started to get blinded by the amount people were making.  I gave myself a small sized position to play the halt that's squeezing people out.  It ended up opening lower--what was worse was that a trigger order for another x10 of my size went through.  Instead of stopping out-- I froze and was already trapped in trading my emotions instead of getting out.  I ended up with a revenge trade at the end of the day as well.. By friday AM, I stopped out with a -2.5k loss.

*On minimizing interruptions.  The interruptions themselves aren't the main problem.  I've had phone calls or random people knocking on the door and I don't get frustrated.  I've only gotten frustrated when I've told my parents NOT to interrupt me while I'm in front of the computer.  Since I have set that expectation--every time that they interrupt me = FRUSTRATION.. Frustration = Distraction.  This DISTRACTION is what triggers me out of focus..

Solution #1:  REALLY explain to them the gravity of not BEING INTERRUPTED during work hours.  If it's not an EMERGENCY (Loss of life/limb/serious health illness).. It can wait.  You don't interrupt a surgeon during a heart transplant to ask for a tylenol order that wasn't written down.  It can wait.... But this is not in my control whether they actually follow this or not.

Solution #2:  Move all my equipment upstairs or get an office to physically remove myself from the house so that I CANNOT be interrupted.

Solution #3:  Just release my expectations and accept that they can't follow my requested rule.  This way if they interrupt me in the future.. I really won't be affected about it and won't get frustrated and distracted like how I am right now.*** Not being in FOCUS cost me *k this week ***  How serious will I take this?  I basically lost **months salary in the philippines... it was only a 10% loss in a **k position.. What if i lost in the future 10% in a ***k position.. My Single Largest loss in a daytrade is *k that happened in 14 secs.. that's ***$/sec.. Is what your going to interrupt me worth that much for me to lose? That's how serious I NOW take my ability to focus..

Overall, not including the PCG trade.  My trajectory has been up the last 2 weeks.  Even with a platform error in BIOC last week I am 7win trades-3loss trades in the last 2 weeks and 2-1 this week.  MY SIZE was just retarded in PCG so my loss was just massive.  It's quite a big hole but AS LONG AS I FOCUS ON MY PROCESS AND TRADING WELL.. I will dig myself out of it.

Learning Lesson #1:  Make sure I am well on emotions AND PHYSICAL HEALTH.  If I am SLEEPY or JUST MESSED UP like a ZOMBIE.. I will JUST TAKE THE DAY OFF AND REVIEW...

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


Last weeks Learning Lessons:


Learning Lesson #1:  4 Max ACTIVELY WATCHING STOCKS at the open.  Helps alot.  Will maintain this.

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.  Helps alot.  Will maintain this.

Learning Lesson #3:  AFTER TRADE PROCEDURES MUST BE DONE !!  Helps alot.  Will maintain this.

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.  Helps alot.  Will maintain this.

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 !!!  Helps alot.  Will maintain this.

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)  No Experimentation.  PLAYBOOK TRADES ONLY !!  No Meditation = NO TRADING !!
2)  Execute modified Visualization techniques to include 3rd person +Boss/Employee visualizations.  Monitor adherence to daily routine.
3)  Execute Patience/Meditation consistently, Monitor and refine as needed.
4)  Monitor execution of After Action Reports, refine as needed.
5)  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)  PLAYBOOK TRADES ONLY !!  NO TRADING PAST 11AM CST unless MBOT Type-Trade
3)  Trade 1 1min Playbook/GOOD TRADE in the open.
4)  1 5min Playbook/GOOD TRADE after 0935.
5)  $50=R.  2 Losses Max/day.  Maintain my risk/size on my playbook setups.  Half size MeanRev Trades that have AT LEAST 1-2 Risk/Rewards and full size on setups that meets Dux's Short Criteria.



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..

Saturday, January 19, 2019

Weekly Review January 3/4

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.  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.

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 !!!

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.

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.
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.

Subconscious Decision-Making vs Conscious Decision-Making

I forgot where which research article I read it from but it stated that most of our daily decisions are decided by our habits/behaviors well before our mind consciously makes its decision.

In the last few months, I've been visualizing myself getting into trades i'm not supposed to and that I AUTOMATICALLY without thinking just get out.  This week, I fomo'd into a trade and as soon as I entered the trade, I instantly felt my body saying GET OUT, GET OUT, GET OUT.. It felt like minutes and I couldn't think/analyze my situation well-- I ended up going flat and got out of the trade.  The trade eventually went on to make money without me but the MOST IMPORTANT thing is that I followed the appropriate decision at THAT SPECIFIC MOMENT in time.  Hindsight trading is very dangerous, i could've made money on that trade but it would've either reinforced a bad habit/bad planning and I could get BURNED SEVERELY in the future.  It's the 2nd trade below:


What was crazy about this was it felt like minutes went by.. Looking back.. it took me 16secs to finally get out of the trade.

So the problem with this trade is that I had 2 contradicting habits in play.  The main problem was that the strategy/plan was flawed.  This was a perfectly good squeeze but I missed out on it because I didn't give it enough time to work and I've programmed myself to get out asap if it didn't meet the time criteria per what the plan required (which the time criteria was too low).  The trade did not hit the planned stop level of the previous low of the 5min candle but I got scared out because I thought I was fomo'ing when I really didn't.  Since I felt like I was fomo'ing, my capital preservation habit kicked in and I got myself out.

Pros:  Capital Preservation habit is working..
Cons:  Trade plan was flawed and is NOW refined.