
Bread and butter, same thing every day. Skipped out on the first trade, CYN. Ended up printing but I didn't like the price action, with hindsight I would have probably stopped out right before it ran due to not having enough structure in my system to trade something like this. Will make adjustments for future trades.

Definitely out of character trading this. It technically had the proper entry criteria, but I knew it was way over extended and needed a break to breathe. Still tested it though, one 1m candle later and stop was met as quickly as I got put into the position. Degenerate mindset, after missing so much last week I just wanted to take part. In the future I take these over extended examples with way lesser size. Reset, repeat, back to action.

Missed TWG SHPH PSQH DRCT this week which caused a lot of fomo, I didn't react though. Hard week for me, not in trading, the pattern I'm focusing on right now is printing, just having to get back on the bull. Found myself up 15% then 8% & I had to lock in, solid layup but I'm trying to break this habit. It continued to pull back held above stop and ripped $s. With better preparation and the same stock selection mindset I'll be line for record weeks.

Retested a 3rd time with half size. Max risk for the day met and I closed off after this. Taking 1% size on retests from now on will significantly help my mentality & focusing on taking profits with my new structured approach will result in a massive difference in my trading, and I feel like I've already came so far. One step at a time though.

This is where my new rule would kick in. After facing -1 R on a play, from now on, I will only retest with 1% size. This will eliminate ever seeing a max loss day or at least forcing a max loss on 1 ticker. Mentality is not broken though, I took this as it is, a simple example, with a clear message. Improve from it or don't, that is the next step.

Funny that out of all my trades this week this was the one that I set a take profit and looked away to avoid emotional conflict. I don't know what lesson I should take from that, but a process-oriented win + capital is what I'm here for. With the profit taking method I'm focusing on this could have been my first 10-R trade 10 minutes after my TP was met. All is well, I'm following a process, next week the focus will be on my profit taking, as long as I remain on the path.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.