Feel a little guilty about not keeping up with my journal but definitely wanted to post a review post for the month. Made about $1000 this month, making this my first positive month. Definitely lost a chunk of it mid-month but that's something I'll have to watch out for. Here are some of the things I've noticed for the month.
- I'm a lot more comfortable trading. It feels very natural and I'm able to keep my emotions in check.
- When I really think about a trade, it's like I'm able to visualize how it's supposed to look.
- I can make money. I can size up. I can have complete control of a trade.
- I'm very sleep-deprived. I need to have a better rest schedule.
- I'm very out of shape. I need to get in better physical condition so I can focus better.
- I'm not afraid to be in the market.
Starting tomorrow, I will raise my risks per trade. Per my "A" trades, I will give it up to $150 of risk. Per my "B" trades, I will give it up to $75" of risk. Most of my "A" trades will be executed in the morning and I have to do a better job organizing my trades into categories so I can figure out if I'm giving something too little/much risk.
For me to have more success in March, I have to do the following:
- Give my trades the appropriate amount of risk.
- Add into them when important prices hold.
- Find ways to get in my maximum shares with minimal risk.
- Prepare thoroughly every morning for the best trades.
- Be more in tune with the market and sit out when market support doesn't exist.
Process Goal for this week - Have at least an hour of preparation prior to trading each day. Follow risk/reward rules and execute with the appropriate risk levels.
P&L Goal for this week - $500+ per day (3/4 winning days)
Personal Goal for this week - Hit up the gym 5/7 days
Personal Goal for this week - Hit up the gym 5/7 days
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