I am trading a lot more, so I have decided to create weekly trade reviews to keep up with the volume.  I struggle with trading emotions, so I have changed a few things with my trading plans to make myself more comfortable.

     Instead of focusing on wondering if I am going to win or lose when I enter a trade, I have been using each trading opportunity as a chance to practice stopping out.  This shift in perspective has helped me a great deal, and I rarely freeze up before entering a trade now.  It also forces me to plan a stop and a risk level before. I enter the trade.

     I have been trading mostly options in listed land.  I have been having a heck of a time finding trades in OTC land lately.  I have been using the Stock Whisperer app to find ideas.  I also use Person's Pivots, EMA and SMA to determine more detailed support and resistance lines in the chart.  I have been playing around with the 10x Study indicator as well.  I played a couple of Mark Croock's alerts, but since I started to use these new indicators, I don't have conviction on most of his alerts.  I also tightened my stop, and I have been exiting trades more intelligently. 

     These changes I made have reflected positively on my trades for this week, so I will continue to focus on what has been working for next week.

Here are my total trade stats for the past week:

Total Closed Trades: 11

Accumulative Return $: +$222.80

Accumulative Return $ Net: +$197.68

Winning Trades: 6

Losing Trade: 5

Biggest Profit: +$168.20

Biggest Loss: -$48.25

Total Commissions/Fees: $25.12

 

Specific Strategies

DARK POOL

Total Closed Trades: 8

Accumulative Return $: +$102.00

Accumulative Return $ Net: +$93.76

Winning Trades: 5

Losing Trade: 3

Biggest Profit: +$81.97

Biggest Loss: -$19.03

Total Commissions/Fees: $8.24

 

MARK CROOCK ALERTS

Total Closed Trades: 2

Accumulative Return $: +$68.00

Accumulative Return $ Net: +$65.94

Winning Trades: 1

Losing Trade: 1

Biggest Profit: +$81.97

Biggest Loss: -$16.03

Total Commissions/Fees: $2.06

 

AFTERNOON CONSOLIDATION

Total Closed Trades: 1

Accumulative Return $: -$32.5

Accumulative Return $ Net: -$48.25

Winning Trades: 0

Losing Trade: 1

Biggest Profit: n/a

Biggest Loss: -$48.25

Total Commissions/Fees: $15.75