Well November 2020 has come to an end and I feel like I am making some progression at this point. Focusing on two main set ups recently (panic dip buys and afternoon breakouts on OTC) and I seem to be gaining some ground with my entry. I let my emotions get to me a few times this month that really cost me profitable trading on my good setups. I made a promise to myself that I wouldn't take any options trade and although I didn't keep my promise, I only took one. I lost on it but I will give myself some credit on taking a tiny position on something super speculative. The risk reward was only 1:1 on it so it was a bad trade. Sell the news. Not buy the news. Anyway--I was able to make 31 trades in November and had winning percentage of 54% which is a massive improvement for where I am on this journey to a 7-figure account. I need to continue to watch the panic dip buy pattern because I missed so many entries trying to just guess the bottom exactly. The biggest miss was today on $TSNP. The risk reward on that setup today was incredible. I then was shook and proceeded to miss $HYSR nearly right after; except this time I missed because took to long to put in my order. I think this past month had I been better with entering the panic dip buy setup, I would have eliminated a few of the bad trades I made. This month I am going to focus on my patterns as well as a look into a few short setups. I feel I need to prepare myself for the dark side in the even the bull market comes to a screeching halt in the coming months. I am going to focus on not buying morning spikes as it just isn't my set up right now. Unless the pattern is happening perfectly as I am looking at it, it isn't my play right now. My goals this month are two big things--another month with winning rating percentage & to do better with my risk reward setups to help me cutting losses quickly. I know it is a mental thing for me that I need to work on but I truly feel if I can do a better job at entering better risk/reward setups I will increase my profits and decrease my loss (in dollars) column. With the market heating up right now I need to focus on good setups and take a couple shots. No telling how 2021 will be and I might not see a hot market next year at all so I need to try to capitalize the holiday trading while I can.
Well November 2020 has come to an end and I feel like I am making some progression at this point. Focusing on two main set ups recently (panic dip buys and afternoon breakouts on OTC) and I seem to be gaining some ground with my entry. I let my emotions get to me a few times this month that really cost me profitable trading on my good setups. I made a promise to myself that I wouldn't take any options trade and although I didn't keep my promise, I only took one. I lost on it but I will give myse
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