Three solild trades this week. 2 day trades & 1 overnight.
5.4% & $351 in gains this week.
This week also marks a milestone in my trading. I ended May with a +$1000 in wins. I feel good. However, I still have $2330 to go before I did out of the hole I created the end of 2021. My tracking tells me I should hit this before the end of July.
What's working: patience & flexibility. I am waiting more and more before I enter a trade. Today is a good example. Everything on my watchlist was down. Even UVXY, which is unusual. At one point, I decided I probably wouldn't make a trade.
Then PLTR & TSLA decided to make some moves. There was a good entry point that I could have gotten in, however, my trading plan tells me when there is an extended amount of green candles, wait for the pull back. These didn't happen.
And I don't chase. Been burned before.
So, I waited, and was flexible. If you miss an opportunity, there are always more. Don't try to make a trade work, let it come to you.
Today, HOOD was the winner. I got in on a confirmation and rode it to over a 1.5% gain. No need to try to catch a rocket that's already launched. Ride the vehicle that's going to get you where you need to be.
It's the end of the month, celebrate your successes, reflect on what you could have done better, and continue to get 1% better every trade.
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