- 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 NOT SEW HABITS THAT WILL LEAD TO LONG TERM FAILURE.
- Take GOOD losses and trust that over a number of trades you WILL come out on top
- Scalping between levels in the direction of a larger trend is a viable strategy.
- After so many confirmations in your favor you MUST pull the trigger
- Be prepared to lose 50% on every options trade. 50% should be assumed base risk
- Be ready to switch and play downside. Levels still apply.
- Consider the context of the overall market & the issue’s place in the grander ecosystem before trading.
- Do not bring emotions from prior losses into new trades.
- DO NOT CULTIVATE HABITS THAT WILL LEAD TO LONG TERM FAILURE.
- Do not succumb to GREED
- Ensure liquidity in contracts before trading
- Must have faith in analysis & greater trend on larger time horizons.
- Must observe & gain insight into unique price action of each new issue you trade BEFORE trading.
- Set Alerts for Stocks. You can’t watch all of them at once
- Update & Refine Game Plan for Taking Profits.
- You shine in the first 15 minutes. Refine what you’re doing well at.
Overview: Trust your analysis. Trade the 5 min. Do not waste your time; only trade well. To trade less than well is a waste of time, and the whole point of Caduceus, of Solace, of all of this is to control my time. If you’re not showing up rested, showing up prepared, and executing well to the best of your ability, you are burning time for no good reason. This was a hearty month, a good month. step into the next month with these resolves, and with a bit of a looser approach to your reviews.
Key Takeaways | Week 32 | 2021
- Update & Refine Game Plan for Taking Profits.
- Begin experimenting with scaling out of trades
- Begin experimenting with trading on larger time frames
- After so many confirmations in your favor you MUST pull the trigger
Key Takeaways | Week 33 | 2021
- You must NEVER trade Carelessly. There is NO benefit to disregarding discipline.
- DO NOT CULTIVATE HABITS THAT WILL LEAD TO LONG TERM FAILURE.
- Do not cultivate the seeds of failure.
- The most efficient use of time is to trade flawlessly to the extent that you know how.
- Scalping between levels in the direction of a larger trend is a viable strategy.
- Only execute on the crème de la crème.
- Consider the context of the overall market & the issue’s place in the grander ecosystem before trading.
- You shine in the first 15 minutes. Refine what you’re doing well at.
- Be ready to switch and play downside. Levels still apply.
- Must ensure liquidity in chosen contract.
- Must have faith in analysis & greater trend on larger time horizons.
- Must observe & gain insight into unique price action of each new issue you trade BEFORE trading.
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 liquidity in contracts before trading
- Set Alerts for Stocks. You can’t watch all of them at once
- Do not bring emotions from prior losses into new trades.
- Do not succumb to GREED