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I'm probably a little introverted and I think a lot. Putting my thoughts into written form really helps me organize and understand them. Sometimes I have these things swirling about in my head and it really does not become clarified until I start writing. For other people writing like that's just too much of a chore and gets in the way...lots of ways to skin the cat I suppose
Trade
NQ . Long. Good Entry . Ok Exit
NQ . Shot. Counter Trade on Strong Resistance Bad
GC . Short. Good Setup . Entered before System Signal . Then Signal Right . Then Bouncing After Taking T1
NQ. Short . Based on Signal . Took T1 Bounced From Support
ZB. Short . Very Clear Signal To timid on the Trade Took little profit
End
All Positions and Orders Closed
Charts for Journaling Ready
Summary
What Did I do Right?
Complete Checklist
Good Discipline . Good Entries .
Green
Stopped on Time . No Greedy
The System is giving great signals
What Did I do Wrong?
I need to allow for runners
How Can I Improve?
Review ATMs
Become a Master of Candlestick reading
Trade
1. News - 10am Jolt
2. TST Balance +$478
3. Serious Problems with Internet
4. 9:48 Still Unable to Trade
5. Feeling Good Two Good Reads last Week Mark Douglas Trade your Plan and Feel like the Slot Machine Rande Howell Trade like the American Cougar and not like a Lion Wait for the Setups as long as it takes, avoid Fear/Flight/Fight
6. 9:54 System Starting to Work
7. 9:57 News in 3 mins Not to Trade
8. NQ Short 5 .. Too Aggressive Good on Waiting Took the Trade without Signal Taking a lot of Heat
9. ZB Long 2 Took it according to System Now Wait and See ..
10. Good on the Psychology Wait for Setup No Guessing And start much smaller
11. 10:15 ZB T1 NQ .. Some Heat, Support too Strong Adjusted Stop to Adjust Risk, Taking Longer , Not working
12. 10:25 NQ Sold 2 at Loss to lower Risk Still Getting Heat Support too Strong ZB Strong Close to T2
13. 10:31 NQ SL
14. 10:35 -$148
15. 10:36 GC Short 3 Guessing Not According to Setup Bad !!! Good on Psychology Will Stop a 500 either way
16. 10:47 Hungry
17. 10:49 GC SL
18. 10:50 Acumu - $246
19. 11:18 Chaos CL Long 3 then 5 then 7 Bounced Strong against my Entry SL GC SL
20. 11:20 Acum - $1,150 AGAIN !!!
21. 11:37 Good Comeback Staying Calm Acum -$250
22. 12:15 NQ Short Good Trading Acum -$29
23. Closed
End
All Positions and Orders Closed
Charts for Journaling Ready
Summary
What Did I do Right?
➢ Started with a Clear Mind
➢ Good Start and Daily Rituals
➢ Waited as Cougar
➢ Didnt allow myself to go into Reset Mind
What Did I do Wrong?
➢ Not Clear on Max Risk Too much Adjusting during Trade
➢ Too many Trades at Once
➢ Didnt want to be wrong with CL becaused I was sure of the Short So Increased the Size Loss of $1,000 +
How Can I Improve?
➢ Wait as a Cougar
➢ Hunt only Elephants
➢ Wait for Setup and Have a Clear Line to accept the Trade didnt work
➢ Dont Expect the Trade to Work Pull the Lever on the Slot Machine and Wait for the Result Whatever the result is not because I was Right or Wrong Just a Probabilistic Outcome
Homework
➢ Candlestick Patterns
➢ Decide to Trade from Home Better Internet
➢ Bring Food to Trade !!!
➢ Read more on Psychology Mark Douglas
Trades
Jolts @ 10am
1. 9:40 NQ Short 4 Scalp +$25
2. 9:42 GC Long 3 Screen Froze Closed Trade +135
3. 9:47 NQ Short Few Scalps + $150 Acum $315
4. 9:56 NQ Short 2 Acum $443
5. 10:09 NQ Short 2 Acum $ 316
6. 10:13 CL Short 3 Acum 475
7. 10:15 NQ Short 4 + GC Long 2 Acum $780
8. 10:24 ZB Long 2 + Green
9. 10:25 NQ Short 2 >>> Too Close to Support Clear Entry but Working SL Good Trade, Good Entry + Waited for SL
10. NQ Short 4 Scalp Good Execution on Entry and Exit Acum +867
Notes
¬ NQ Bearish
¬ CL Bullish Topping @ $53
¬ GC Strong Bullish Overnight
¬ ZB Bullish
Summary
What Did I do Right?
¬ Waited for the Setups and Didnt Chase
¬ Clear Mind about this is a Probability Games
What Did I do Wrong?
¬ Exit the ZB because of Fear The Signals were very Clear about staying
How Can I Improve?
¬ Review the ATMs to Stay longer on the Run
¬ Sleep Better A little Sleepy During the Trades
Homework
¬ Improve Market Structure Workspace Review it Nightly
¬ Review ATRs and Adjust System
¬ Adjust Rules to Incorporate Mark Douglas + Rande Howell
