Followed Game Plan Traded Levels Successfully executed first Scaling out Trade Executed Excellent, prescient analysis Did not let winner become loser Titanium Terry Held through pullback with reasonable justification. Exited on signs of weakness. Overview: Executed first scale out trade to success. Levels were dialed & respected by underlying. Overall…
Month: August 2021
Trade Journal | Week 33 | 2021 | $319
Overview: Solid week of trading with key insights distilled. Executed 2 scaling out trades to success, & took away key insight about trading in different sectors. Internalized what it means to trade only high quality setups, & solidified more confidence in the trading style I’ve embraced of scalping between levels.…
Mistakes | Week 33 | 2021
Peewee Paper Hands. Trading off 1m instead of 5m. Inappropriate trade style; Did not plan trade style. Did not familiarize yourself with price action & employ appropriate trade style accordingly. Did not ensure liquidity in contracts prior to trade. Did not protect 50% of profit. Chasing trade Followed external trade…
Activity Log | 8.22.2021 | Sun. | 4.45 hrs
Published: 8.12.2021 Trade Review Updated: Goals (D,W) Game Planned Charted Finished Trade review of 8.12.2021 & Published. Created a rough outline of goals for the coming weeks & began game planning for potential trade day tomorrow, but as it was late & I was rushed, determined not to plan on…
Activity Log | Week 34 | 2021 | 13.5 hrs
Charted: 8.22 Game Planned: 8.23 Organized: Desktop Published: 8.12.2021 Trade Review Studied: Lesson with Dragon, Jessie Livermore, Mark Douglass, Mike Bellafiore, Lawrence McMillan, Umar Ashraf, UK SpreadBetting Updated: Activity Log (D), Goals (D,W) Overview: Most meaningful activity was 1.5 hour lesson with dragon over discord, convincing him to send me…
Activity Log | 8.21.2021 | Sat. | 1.23 hrs
Organized: Desktop Reviewed: 8.12.2021 Organized computer then reviewed trade from 8.12.2021.
Activity Log | 8.20.2021 | Fri. | 1.5 hrs
Studied: ITU Discord Lesson with Dragon On voice with dragon, He sent me some of his fills after I talked him into it, he critiqued some of my trades, saying that even though I was profitable, some of the trades were poor. I tried defending myself & expressing my logic.…
Activity Log | 8.19.2021 | Thu. | .77 hrs
Studied: Jessie Livermore, Mark Douglass, Mike Bellafiore Studied Jessie Livermore rules, watched a bit of Mark Douglass course. Purchased one good trade audiobook, & read reviews Links Studied:Youtube | Other | Jesse Livermore rules – Jesse Livermore trading method Youtube | Other | Mark Douglas How to think like a…
Activity Log | 8.18.2021 | Wed. | 5.1 hrs
Updated: Activity Log (D) Reviewed: 8.12.2021 Studied: Lawrence McMillan Updating Activity Log from last 6 days. Worked on Trade review from 8.10.2021. Then trade review 8.12.2021 Links Studied:Youtube | The Option Strategist (Lawrence G McMillan) | Larry McMillan Stock Market Update Video 8/16/2021
Activity Log | 8.17.2021 | Tue. | .45 hrs
Studied: Umar Ashraf, UK SpreadBetting Studied trading briefly, Listening to On The Brink: Henry M. Paulson Jr. (Audiobook hours do not count) Links Studied:Youtube | UKSpreadbetting | The 8 Stages Most Traders Go Through Before Becoming Profitable ? Youtube | Umar Ashraf | My Trading Setup 2020: (Gaming PC, Monitors,…
Activity Log | Week 33 | 2021 | 27.73 hrs
Traded | (8.10, 8.12) Charted | (8.11, 8.12) Created | Stages of Understanding Tool/Visual Game Planned | (8.10, 8.12) Organized | Activity Log (D) Refined | Data Journal (Game Plan Matrix, Potential Profit Calculator), Goal Visualizer Tool Reviewed | 8.10.2021, 8.12.2021 Studied | ETFs, Open Interest, Float, Closely Held Shares,…
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…
Activity Log | 8.14.2021 | Sat. | 6.53 hrs
Studied: ETFs, Open Interest, Float, Closely Held Shares, Public vs Private Companies, Jessie Livermore, John Paulson Refined: Goal Visualizer Tool Reviewed: 8.12.2021 Created: Stages of Understanding Tool/Visual Went over finances, calculated necessary average trading profits to elongate free time using the goal visualizer tool. If I Average 160 per week…
Goals | 8.14.2021 | Sat. | 8 hrs
Goals Today: Get overview of current position. Gain Clarity on timeline, benchmarks you need to achieve to reach sustainability with trading. How much time you have to reach those benchmarks and the averages you must maintain.What will it take to reach the 18k goal. What are the different scenarios that…
Successes | 8.12.2021 | Thursday
Titanium Terry T’s. Held through pullback with reasonable justification. Exited on signs of weakness. Overview: Massive win holding through discomfort with justified reasoning. Did not succumb to fear, addressing a named issue that I’ve been having. I consciously identified fear and identified it for what it was at the time:…
Key Takeaways | 8.12.2021 | Thursday
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…
Trade Journal | 8.12.2021 | Thu. | $212.10
Key Takeaways | 8.12.2021 | Thursday 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…
Activity Log | 8.12.2021 | Thu. | 3.45 hrs
Charted Game Planned Traded: 8.12.2021 Organized: Activity Log Studied: Optionhub, Money Flow, Order Flow Organized activity log at different coffee shops while doing Lyre Raven work. Took advantage of time working from laptop & studied option hub. Studied Order flow & Money flow & got more thorough understanding of both…
Activity Log | 8.11.2021 | Wed. | 6.13 hrs
Trade Review: 8.10.2021 Charted Reviewed 8.10.2021 trading day & published on discord but not solace site. Charted & prepared to trade tomorrow.
Successes | 8.10.2021 | Tuesday
Followed Game Plan Traded Levels Successfully executed first Scaling out Trade Executed Excellent, prescient analysis Did not let winner become loser Overview: You successfully executed your very first scale out trade, which is to be lauded. You had a plan and sized appropriately to where you’re at in your trading…