This week was just unreall!! I Won 6 out of 6 trades (still overtraded though), one of those trades where over 100% win & another one was 68%. 4 of those trades where O/N and 2 where intraday. Out of those 6 plays one was a scratch (learning to cut gains when the stock is not doing what u want), & something that i have been working on; it kinda goes hand in hand with FOMO.
My discipline is proving to be working. I am now waiting for prices to get at a certain point VS. chasing and having FOMO and I am entering into stocks near the market close and both of these methods is allowing me to have a great risk reward.
I found out when im not looking at my P/L , I am able to play the chart pattern much better. When i see how much im up or down i just lose all sight of the chart pattern it self & react impulsy.
I just want to keep this pace. I want to also lower my trades to 5 per week. The $RGSE play that i only made 5% is a great example of that. I didnt need to make that trade, and if i didnt cut my gains when i felt like it was getting toppy, i would of lost cuz it dropped soon after i got out.
Will be focusing more on the 4star plays next week & also waking up earlier so i can be fully prepared for the new plays that pop up in the mornings.
I also went to get more detailed in my journal entries. Will be adding at what percent the stock was at already when i entered & other small things thats going to be able to help me track my performane and what not to help me better understand wheere i have the most edge and maximize on that.
Great work this week! Keep it up!
were* instead of where
Good job! I am going to quit watching my P&L as well. Have heard the same from some really good traders to not watch.
Good job, keep at it!
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