This isn't going to be inspiring or intentionally helpful, just my thoughts.

i just had a to $500 loss on $PHIO

simply, i need to create much more clear and precise rules when trading. i am too whimsical and not disciplined. i need to find a successful formula and repeat it. I am inconsistent at documenting and studying as well. I review my watchlist but I do not create a detailed, complete, and simple plan to follow.

$PHIO was too liquid and I did not set up my risk properly, I knew where I would cut losses, which was around 7.40s and I knew it was 40-50 cents from where i wanted to buy...but too many times I want a pullback and it never happens, therefore i never enter and the stock goes without me and i never even take a piece of the big move. This was a longest way to say FOMO trade. Most recent example of that was $DATS on January 7th, 2025. lmao, i just watched everyone make money even though I0 correctly estimated two exit points at: 5.75 and 7.40.

anyway, enough of the BS.

To reset myself my goals are simple:
-clear risk, entry, and exit before entering trade
-attempt to make $100 to $200 a day with 10c to 20c gains
-only take trades where the risk is 2:1 ratio
-trade must have clean price action and
-note daily volume, RSI on 30/10/5m chart

I have many more negative thoughts but it's not relevant to improvement.