Prepare for the next trade: next bus pass

 

I am journalling/processing how long it takes me to mentally be prepared for the next trade.  

Last month, had great days with $DWAC, in and out multiple times was in the zone.  Day 2, maxed out my trade budget in premarket, hit it out the park.  Took rest of the day off to recover from the excitement and to ensure I was liquid with cash to trade the next day.  

 

This week I was rather tough on myself for allowing a news pr to break from my watch list plan.  And of course the two mains on my watch list had great moves, and the one I moved on did not.  

I still stuck to my trade plan in it, but I was upset with myself on how I allowed for the distraction to occur.  Even though in the past, I thought of that as just part of the day trading process.  Shoot that was how I came across $DWAC, premarket news.  

 

Today, I executed phenominally with $ELEK.  Now today was no where near the profit amounts.  I had a plan, I slightly adjusted my entry plan, position size, and risk levels.  In 4.75, risk 4.55 out 5.70.  That was near 4.7:1 risk reward.  I have been working on stretching my risk reward goals to 4-5.  So this is fantastic for me.  Did the ticker keep going? yep, woulda coulda shoulda.  Not in the least.  I feel like this was damn near perfect trading.  Room to improve, larger size.  Do I feel should have held longer, not in the least.  Do I feel I could have had a better entry, today.  Heck no, entered .2 above the lod after the pivot.  

 

Ok so now how do I get myself back to calm and collected to catch the next bus.  I already meditated before market open.  I vocally processed with my partner.  Stepped away from the computer for a few, and did a little house cleaning.  So I should be good right.  Well now going into mid day lull, and lately mid day has been prime set up for afternoon movers.  So time to get back to scanning and see what’s what.  Get back to studying.  Oh shoot its Wednesday, need to get prepared for weekend trip too.  Ok got a few things cleared up for myself now.  ty