Phew! I spent the past month organizing a fraternity event that has kept me from mentally "checking in." If you guys care at all, it went very well and I was able to have some great conversations. While I was extremely stressed out, I was able to put together a good event for the kids. Now let's talk trading since I've been too stressed to check in for the New Year. As of this very moment, I am checking in for 2011! I'm scanning for setups. I'm watching some of my favorite SMB University shows. I'm reading over my journal and blog posts. It only makes sense that I put this emotion and ambition into writing. I'm not afraid to see where I'll be in 5 months anymore. Last January, I was. I couldn't fathom the idea that I would understand these market movements. I can now. A matter of fact, I love it. I have an idea of where I'll be this year. And that will be the first step in my success.
Process Goals
- I will have a detailed plan prior to all of my trades (written or vocally spoken)
- I will only establish a bigger position if it presents an excellent risk:reward ratio.
- I will always manage risk as best as I can, especially when I'm up in a trade.
- I will gain 9 hours of experience for every trading day by studying after the close.
- I will arrive early consistently and have at least an hour of preparation prior to the Open.
- I will continue to push myself to find the best areas of opportunity and add to my position.
- I can see myself having my best day this month (previously was $998 net commissions).
- I can see myself have a $2000 week.
- I can see myself have a higher win percentage by selecting my trades better.
- I can see myself hold 1000 shares for a point.
- I can see myself win 4/5 days in a week.
- I can see myself make a median of $300-$500 a day on average.
- I can see myself succeed.
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