Trading Review 

 

Overall month started and continued to be bad, overtraded, broke rules, held and hoped, bet too big, sold to late, entered when SSS wasn't applied or had a score lower than 70. Plan to watch HTTM, PS1 and PS FRAMEWORK AND FIND WHAT WORKS ACCORDING TO ME. Questions to ask myself: What is most profitable, which strategy makes the most sense according to my own risk tolerance and understanding, how will you make this strategy work? 

"BORING OLD HABITS" 

- OVERTRADING (OFFICIALLY PUTTING SELF UNDER PDT rule, if you can't get out of it you don't deserve to trade)

- Terrible Position Size Management

- Terrible Entry and Exit Position

- Spent Too Much Time in Market, not enough learning and living, the market will have opportunities in the future, if not now then later you need to accept this and move on.

 

What to Do Moving Forward

- FIND NICHE | STUDY | PaperTrade Unless it is one of your 3 trades (PDT IN PLACE BY ME)

- Review Level 2 & Patterns

- Determine Individual Strategy to take 

- Follow Rules 

----- Be Nimble, Conservative | Trade Small Early

----- Recognize INFLUENCES | DON'T TRADE ON EMOTION instead Pay Attention To Volume

----- Cut Losses Quickly | Accept Your Wrong and Move ON | GET THE FUG OUT

---- INCREASE ODDS OF SUCCESS | STUDY, STUDY AND THEN STUDY MORE | WAIT FOR VARIABLES TO LINE UP (DRYS good short example) | Keep IT SIMPLE (focus on one strategy) | FIND A NICHE | PROFIT INTO SPIKES

---- STOP OVERTRADING | TRACK EVERYTHING | BE BRUTALLY HONEST WITH SELF

---- LIVE LIFE | BALANCE | Don't Neglect Body and Mind for Potential Money that will come with time

 

" You have to grow your knowledge account before you are going to start growing your monetary account"