The most efficient use of time is to trade flawlessly to the extent that you know how. Must trade off 5m. Do not trade off 1m. Do not justify entries based on 1m patterns. Only execute on the crème de la crème. There is NO benefit to disregarding discipline. DO…
Month: August 2021
Activity Log | August | 2021 | 96.3 hrs
Traded | 8.2, 8.10, 8.12, 8.24 Game Planned | 8.2, 8.10, 8.12, 8.24 Charted | 8.1, 8.6, 8.11, 8.12, 9.22, 8.23, 8.24 Reviewed | 8.2, 8.10, 8.12Read | TAST (198 pgs) Options as a Strategic Investment (Chapter on Option Buying) The New Trading for a Living Studied | People &…
Activity Log | 8.31.2021 | Tue. | .42 hrs
Studied | Youtube (UK Spreadbetting, other) Studied some trading videos briefly. Got more clarity on the structure of trading firms, & we trading is viable. Still convincing myself that it has the potential to be real. Learned about diversification of strategies and diversification of traders to spread risk. Links Studied:Youtube…
Activity Log | 8.30.2021 | Mon. | 1.22 hrs
Read | TAST (20 pgs) Read TAST at Aviano in Cherry Creek. During Flight to Phoenix Listening to On The Brink: Henry M. Paulson Jr. (Audiobook hours do not count). Began to conceptualize volume & the relationship between volume & price in a more meaningful, significant way. Understanding the nature…
Trade Journal | Week 35 | 2021 | -$319
Overview: Trade off 5m, & double down on taking only GOOD trades. You are making progress. If you had avoided the bad trades this week, even at a loss this would have been a great week. Made meaningful headway in TAST second reading & began internalizing the relationship between volume,…
Successes | Week 35 | 2021
Respected & had faith in levels for entries & exits Cut Losses & Managed losing trades well Sold into strength on winning trades Generally exited trades unemotionally Titanium Terry moment Overview: Refamiliarized myself with losing. Took some good losses in the process which has been a goal for the last…
Mistakes | Week 35 | 2021
Trading based on 1m instead of 5m Peewee Paperhands Did not consider overall market conditions Traded Illiquid Contract Did not protect 50% of profits Went against trend on larger time horizon Overview: The bulk of these mistakes could have been avoided if I traded only with 5m chart. MUST eliminate…
Key Takeaways | Week 35 | 2021
Take GOOD losses and trust that over a number of trades you WILL come out on top Do not trade off 1m. Must trade off 5m. Do not justify entries based on 1m patterns. Be prepared to lose 50% on every options trade. 50% should be assumed base risk Ensure…
Activity Log | Week 35 | 2021 | 24.25 hrs
Traded | 8.24 Charted | 8.23, 8.24 Game Planned: 8.24.2021 Read | TAST (198 pgs) Studied | SMB Tape Reading, Stan Druckenmiller, Larry Mcmillan Overview: Studied deeply a tape reading video by SMB took notes, traded & had first losing day in 10 weeks, started TAST 2nd reading, & read…
Activity Log | 8.28.2021 | Sat. | 2.05 hrs
Read | TAST (31 pgs) Read TAST at Stellas in Denver
Activity Log | 8.27.2021 | Fri. | 1.37 hrs
Read | TAST (15 pgs) Read TAST at Stellas in Denver. During Flight to Denver Listening to On The Brink: Henry M. Paulson Jr. (Audiobook hours do not count)
Activity Log | 8.26.2021 | Thu. | 2.92 hrs
Read | TAST (48 pgs0 Read TAST at Lyre office, then at Cartel Coffee.
Activity Log | 8.25.2021 | Wed. | 4.92 hrs
Read | TAST (104 pgs) Started TAST second reading. Read close to 104 pgs. Most ever read in one sitting.
Successes | 8.24.2021 | Tuesday
Respected & had faith in levels for entries & exits Cut Losses & Managed losing trades well Sold into strength on winning trades Generally exited trades unemotionally Titanium Terry moment Overview: While there were plenty of mistakes this day, on some of the losing trades I did do well, and…
Mistakes | 8.24.2021 | Tuesday
Did not consider overall market conditions Peewee Paperhands Trading based on 1m instead of 5m Traded Illiquid Contract Did not protect 50% of profits Went against trend on larger time horizon Overview: A bulk of your technical mistakes were trading using 1m for confirmations rather than 5m. Other than that…
Key Takeaways | 8.24.2021 | Tuesday
Take GOOD losses and trust that over a number of trades you WILL come out on top Do not trade off 1m. Must trade off 5m. Do not justify entries based on 1m patterns. Be prepared to lose 50% on every options trade. 50% should be assumed base risk Ensure…
Trade Journal | 8.24.2021 | Tue. | -$319
Key Takeaways | 8.24.2021 | Tuesday Take GOOD losses and trust that over a number of trades you WILL come out on top Do not trade off 1m. Must trade off 5m. Do not justify entries based on 1m patterns. Be prepared to lose 50% on every options trade. 50%…
Activity Log | 8.24.2021 | Tue. | 7.62 hrs
Charted | 8.24 Traded | 8.24 Studied | Stan Druckenmiller Traded. First losing day in at least 2 months. Updated Weekly Activity log for the first time in what surely is a couple months. Exported all Weekly Stats, preparing to publish weekly, then monthly trade journals, likely won’t complete today.…
Activity Log | 8.23.2021 | Mon. | 5.38 hrs
Studied: SMB Tape Reading, Larry Mcmillan Charted Game Planned: 8.24.2021 Studied SMB Tape reading video deeply, took thorough notes of quotes from video. Studied Larry McMillan market overview video. Charted into the evening & resolved & began preparing to trade following day. Links Studied:Youtube | SMB Capital | How to…
Mistakes | 8.12.2021 | Thursday
Failed to consider the the greater market context before entering trade. Overview: This was a fantastic trade & a fantastic day. The mistakes to be found were subtle enough, and not egregious, but nevertheless insights into further refinement. Additionally, I did not need the pain of a loss in order…