Week 4 | Preparation is paramount. Systemize it to preserve mental capital.
Systemize preparation for trading day. Do as much thinking beforehand as possible & refine tools to handle as much upfront work as possible before actual trade action.
- 5.27 | • MUST HAVE THOROUGH GAME-PLAN FOR EXITS AS WELL AS ENTRIES •
Week 3 | Trade levels & know what to expect from derivative based on strike.
Become aware of & comfortable with what drawdowns will be. Do not trade based on arbitrary dollar amounts of the derivative, but on technical levels of the underlying. It is crucial to trade closer to in-the-money when taking short term trades.
- 5.19 | • APPROPRIATE STRIKE IS AS IMPORTANT AS PREDICTING DIRECTION
- 5.20 | • TRADE BASED ON UNDERLYING LEVELS NOT ARBITRARY VALUE OF DERIVATIVE •
Week 2 | Must journal thoroughly. Mastery lies in deep self analysis.
Spent week creating thorough journaling tools for posting, refining principles of journaling & building tools to facilitate as much possible work up front before trading day.
- No Trades |
Week 1 | Thorough analysis of April. Learn from your mistakes. Read TAST.
Spent week writing a thorough overview of April Trading month & reading TAST. Was in Denver.
- No Trades |