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It was very hard to wake up this morning . Unfortunately I did not complete my prep before the market opened (first time in a while on days I intended to trade). I posted this late cause I was focused on trading and after I took my 2 trades I was so tired I went to go nap "sarcastic:
Well today was a crazy bear day. No news and I wasn't expecting it to be honest. Thankfully I ended positive, and it was a big psychology win day for me.
I guess we are seeing a lot of people getting rid of their positions pre FOMC minutes? Are they really going to be that damning? What do I know lol
Today was a very busy morning, it didn't feel too good to be very busy watching the market without having a completed plan, and I paid for it on my first trade.
1st trade opportunity - Passed
Open long at 4886. I saw the market moving up pretty fast and my brain just saw dollar bills and wanted to enter me into a trade. This was an easy one to pass up as it would've been a FOMO and an emotional trade
Would've been a loss
2nd trade opportunity - Passed
Long at 4880. It was in my trading plan but I didn't see signs of a reversal, if anything I observed signs of a break-down which was my other setup so I took that one instead
Would've been a loss
3rd trade opportunity - Taken
Shorted based on break-down signs
My plan wasn't fully developed yet so I wasn't too sure as to where to modify the stop / target area.
The stop was easy so I put it behind the 4880 area, my entry was really good so it was only ~2pts worth of risk
The target I wasn't sop sure, so I set it initially at the 67 area in case we saw some resistance at the 65 mark.
I then went to help my wife with something while I was still thinking and said, I should lower my target from from 67 to 61 as I didn't remember observing much resistance there in the past. By the time I came back to my desk though my target had been filled and I was too late.
A win is still a win, but if I had my plan completed in time I might've been able to capitalize on this more.
Trade grade - Ok
It was part of the plan
Some signs were there
Decent (but not good) target
4th trade opportunity - Passed
Long at 4860. Signs looked very good and I wanted to take it, but it wasn't part of my plan so I had to pass up on it. I was sure that this would be a win but I needed to be disciplined
It would've been a loss so that was good
5th trade opportunity - Passed
4855, signs did not look good for a reversal, even though it was in my plan so I passed up and was watching the 50 area closely instead
Would've been a loss
6th trade opportunity - Passed
Signs looked good, volume was very strong
However, I only had 1 trade left to take today, and I wasn't sure that we had hit bottom yet, we could just see a pullback
Would've been a loss
7th trade opportunity - Passed
Long at 4855
Thinking that it wasn't just a pullback (from above) and I actually did miss the falling knife, I wanted to get into a trade
Would've been a FOMO trade though
Would've been a loss as well
8th trade opportunity - Passed
Long at 4845
Signs were not strong enough that we had hit bottom yet
Would've been a loss
9th trade opportunity - Taken
Long at ~4835
I was looking to enter between 4840 and 4835 and initially it looked like I was going to pass up on the trade
That was until I saw what I interpreted as some aggressive buying
Shortly after that the 4834 area became VPOC so I was very confident that the market was going to reverse, but boy was I wrong.
Stopped filled.
Trade grade - Excellent
It was in the plan
Observed signs of entry
Good target and stop
What makes it excellent is that I adapted to the market by letting it drop a couple more points before
You might look at this and ask "how can you grade a trade excellent when you money lost on it" and that's a fair observation. My trade grade system isn't meant to take into account P&L at all, it's all based on my execution and the trade above met my criteria of an excellent trade, it just didn't work out $-wise.
Things I did well today
I passed up on 7 setups today, all 7 would've been losses too
Stuck to my max trade limit today of 2 trades
Did not get affected emotionally by the big bear trend day
Things I need to improve on from today's performance
You gotta have your plan ready to go at least 10 minutes before the open, make sure that today was an exception
Find a way to capitalize on big trend days. Your methodology relies on reversals too much. I guess this is something for the future
Psychology goals today
0 FOMO trades - Passed
0 Emotional trades - Passed
Do not look at P&L - Passed, although I was very tempted
Do not micromanage trades - Passed
Do not get greedy - Passed
I forgot to include this in my morning prep, but 2 trade maximum for today which I passed
Highlighting the improvements in my psychology
One last thing I want to highlight is how much I've improved in regards to my psychology in trading. Days like today were the days that destroyed me the most in the past. Days where I kept looking for a trend reversal that never ended up happening, but still took the same bad setup.
If you look at a similar day in the past, I traded it completely different (
I'm about to share a story that I don't want to share. However, pretending something didn't happen or ignoring it won't make you a better trader. You have to be comfortable with looking at your imperfections and issues objectively so that …
). It also caused great grief and internal battles as I got angry at myself for trading so bad.
While I didn't get to capitalize on a nearly 100 range trend day, I still ended positive today. I went from days like today absolutely killing me $-wise and psychology-wise, to passing up on 7 trades and ending slightly positive today. While also stepping out after my 2 trade limit
I feel like I had a big psychology win today, so I'm happy. This is a good sign if your goal is long-term growth
Yesterday's excellence is today's standard and tomorrow's mediocrity
If for some miracle we get to this in the morning session, then you are going to want to see strong signs of selling
~4880
LF Short
At minimum, you will want to see signs of exhaustion
Don't take too close to FOMC
Near the end of the day this becomes a good setup, if you are willing to hold ON
14 pts is safe target, 4860 is stretch
~4840
LF Short
Hopefully this is the first setup that get hits today
You want to see force of players stepping in to sell
You want to see aggressive selling
Be prepared to take this setup fast, we might not stay here for a while
~15 pts would be safe target
4811 would be stretch target, but do-able under the right circumstances
Stop behind 4845 is ideal, but might not be possible
If you sense a strong correction happening in the market, don't take this trade
~4810 (ON Low)
LF long
You want to see signs of aggressive buying
Exhaustion is not enough to enter this trade
Target of 4824 is safe, 4834 would be stretch target
If this is the first area hit and from a strong bear move down, be extra careful
Be prepared to pass up on this setup
~4800 (PDL)
LF Long
You want to see signs of strong buying
Be extra careful if profile looks quite bearish
Entry will be key as you might be balancing around this area for a while
Enter as close to the 4798 area as possible
Target behind 4795 is a must
4814 is safe target
4824 is stretch target
If we move fast close to this a bear trade might be tempting, but just don't take it - unless it's past the FOMC minutes and fundamentals align with a prolongued bear move
Be prepared to pass up on this setup
~4785
LF Long
You need to be prepared to take this setup as we get close, we might not stay here for a while
You want to see signs that the bear move is over
Aggressive buying would be an added plus
Entry will be difficult as you could enter at 4890 or 4880
Entry needs to be determined on what volume is telling you
If buying coming in is very aggressive, you might need to get a less than ideal entry to capitalize on this move
Be careful around the timing of this - do not enter if close to FOMC minutes
~4750
LF Long only if it's not in the morning session
If we get this from a bear trend day and we haven't passed the FOMC minutes, exercise extra caution
If it's near the end of the day, look for signs of exhaustion and/or aggressive buying
4869 is safe target, 4877 is stretch target
Be careful with long entries if we have another bear trend day
Close out of your positions 5 minutes before FOMC minutes
Things to watch
Total volume - Will we see high volume before the FOMC minutes come out?
Volume profiles - Will we see signs of a trend day? will we see aggressive moves or will we see slow creeping profiles?
So far I've taken 0 trades, but here are some of the trades I debated entering.
Trading opportunity 1 - Passed
Short @ 4820 ~open
The volume was strong, the profiles were super bearish, and this had all the signs I would be looking for
Wouldn't have been a FOMO trade, wouldn't have been emotional, but it wasn't part of my plan
Would've been a win if I didn't get greedy
Trading opportunity 2 - Passed
Long at ON low ~open
Too strong bear and no signs of reversal, easy pass
Would've been loss
Trade opportunity 3 - Passed
Long at 4810
I was mixed on this trade. It looked good, but the position of it was awful
By this time the top of the RTH was 4820 and the low was 4800, so taking a trade right in the middle isn't something I wanted to do
We also sliced through this area on the open, and we balanced around it for quite a while
Would've been a win if I didn't get greedy
Unfortunately the move down to the ~4800 area from the opendidn't get low enough for me to decide getting into a trade, as I was looking for something closer to the PDL of 4798
Let's see what the minutes have to say, 1 hr left to go!
Yesterday's excellence is today's standard and tomorrow's mediocrity
Not a great day for me. 2 trades taken, 2 losses today. What bothers me though is that I took a revenge trade on my 2nd trade, not good.
Trade Opportunity 4 - Taken
FOMC minutes come out, and I take my typical news setup. I forgot to include this in my trading plan but news setups are always something I'm looking to take when big news is expected.
The setup is as follows. I wait for market volatility to settle a bit, I choose the way I expect the market to go based on the news, and get in as soon as it looks like the market is going that way.
Today's minutes didn't really do much for the market in comparison to previous big news, so it kinda screwed me up a bit. I was expecting much more volatility and strength and thus I got kind of a crappy entry. Also, my target was too high for how weak the market reacted to this news. Something to keep in mind for the future.
However I was able to survive the volatility and the market started to go the way I expected. Although I didn't like my entry point that much, my stop came within 3 ticks of being hit, so I was thankful for surviving that.
However, at around this point I'm thinking that the initial bull move up is over. I felt very strongly that I should get out, or at minimum raise my stop to ensure I don't take a loss on this setup, but I didn't want to micromanage my trade.
I was a bit mad after that. My news setup isn't meant to hold for more than 30 minutes on the first strong move, so why was I so hesitant to exit after an hr?
Also, the market went up 12 points from my entry point, so it had to go 17 points against me from the high point in order to hit my stop, that's almost as much as my target - is that the right thing to do? I don't know to be honest . These are the questions a rookie trader like me just doesn't have an answer to, yet!
This puts more emphasis on my weekly goal of coming up with a standard on how to manage my trades. There's going to be times when moving my stop / target is what is best, so I have to be able to account for that in my trading. Maybe if the trade goes 10-12 pts in my favor I should move my stop to a BE point or a smaller loss? I don't know. It's something I need to think about this week.
It sucks I lost this trade, but at least the 'learnings' from this trade will be fresh in my mind so I can develop a sound trade management standard. A good trade management standard will be worth more than the $100 I lost today
Trade grade - Ok
It was part of the plan
Some signs were there
Decent (but not good) target
Trade Opportunity 5 - Taken
Then came this trade, I don't even want to talk about it
I was upset about my last trade, and felt that my hypothesis of the market going to the 4840 area was still correct, but that I just got a crappy entry. I then took a revenge trade.
I knew it was a revenge trade, and I wasn't very happy while I clicked the buy button. However once I stepped into the trade I felt I had hit the 'no return' button.
It was as if a part of me wanted to cross that line so I could justify staying in the trade. Interesting how my mind works but it's clearly wrong.
I decided to walk away because if I did get stopped, I might've not been strong enough to avoid taking another revenge trade. The strong psychological thing to do would've been to exit the trade, whether I was up or down because it was a revenge trade. Instead, I let it ride and hoped for the best
I lost the trade, and in retrospect I'm glad I lost the trade. As dumb as this sounds I hope the market punishes me $-wise every time I take a revenge trade.
One thing to note is that during both of these setups today I felt very nervous. I couldn't stop looking at the screen so I had to step away
Why did I feel nervous? Was it because my unconscious and smarter part of me saw the signs weren't quite there to take the trades? Was it that the conscious part of me wasn't confident in my abilities? Was I just suffering from general anxiety? I don't know to be honest. FT71 says record your emotions on trades where you don't do so well and I definitely felt nervousness for the 90 minutes I was in these 2 trades.
Trade grade - Really Bad
Not in plan
Knew I shouldn’t have entered
Made execution mistakes (not exiting even though I knew it was a revenge trade)
Psychology goals
Do not look at P&L - Failed, I took a bigger loss than I usually do on my emotional setup, so I wanted to see how much I lost. Couldn't control myself.
Aim for 2 trades - 3rd trade only allowed if you won at least 1 of the first trades and you have a very good FOMC setup - Passed
Do not get greedy with trades - Not sure if I passed this or not. I don't know if my news setup was too greedy, or just failed to adjust to current market conditions and my entry point. I feel it's the latter to be honest
Tomorrow will be another day!
Yesterday's excellence is today's standard and tomorrow's mediocrity
Huge volume last night over China information which came back way below expectations
I had a note about the information tonight from China but not last night, I had placed a trade at ~4800 area which was just destroyed
Lesson learned, always look at the international news if you are thinking about placing an ON trade
Everything is in the red today, looks like we bleed when China bleeds
DB is down 3% from hiring freeze
Wells Fargo is up as CEO retires
Jobless claims came out really well
Higher time frame charts looks like we are going through a bear trend
Volume is still low but we did have Monday which was kind of a holiday
News
EIA report today, I don't usually pay much attention to it regarding to NQ, but with what's going on oil-wise, this should be something to pay attention to
Some fed speakers today, but they haven't gotten much coverage lately
Keep in mind that tonight there are big China numbers coming out, and tomorrow we have quite a bit of numbers and Yellen speaking, so some players might have that in mind when placing bets today
Scenarios
Trend bear. Strong volume in the open, little opposition or if there is some opposition it gets counter acted by even stronger bear moves. How we slice through 4750 would help with this hypothesis
Balance ~ON Low of ~4875, then explode to the long side, break out at 4800 and continue bull until ~ 4820, 4830 - big correction in the market
Balance ~ON Low of 4875, then explode to the short side, until ~ 4720
Find support area and range between that area and 4800
Setups I'll take today
~4840
LF Short
You want to see signs that the bull move is over
Exhaustion is good enough depending on the time of day
IF we had a trend day today, don't take unless you see some VERY strong signs or it's late in the session
The later in the day, the better this setup becomes
~4830
LF Short
You want to see signs that the bull move is over
Exhaustion is good enough depending on the time of day
IF we had a trend day today, don't take unless you see some VERY strong signs or it's late in the session
The later in the day, the better this setup becomes
~4800 (PDL)
LF Long
You want to see signs of a break-out
The market has corrected itself and looks to stay within the 3 week balance area
You are looking for signs of aggressive buying
Safe target ~4814, 4824 stretch target - careful not to get too greedy with this
You want to watch the ON high of 4813 and see hwo price / volume react around that area - be prepared to exit with a smaller win if we see strong signs of selling, or a lot of balance
Be careful if this is around the end of the day
If the buying is very strong and sometime in the morning, you can think about preemptively entering to get a better fill - but be prepared to exit the trade early if you see strong selling at ~4800
~4800 (PDL)
LF Short
You are looking for signs that the market isn't going to break out bull
Be careful if this is the first setup hit
You want to see signs of exhaustion and strong selling, exhaustion won't be enough to enter
Keep an eye out on ES to see if it's approaching any strong resistance areas as we get close to this
Watch the NQ components
14 pt target is safe, 4780 is doable
If you observe very strong selling and this is the first setup hit this morning, you can take 2 contracts. Exit one at ~ 15 pts and hold the other one for longer
~4775 (ON Low)
LF Long
You want to see some very strong buying
You want to see signs of higher time frame players stepping in to buy
Stop behind 4775 is a must
Safe target is 4789, stretch target is 4797.50
If the buying is super aggressive, you might consider seeing how things play out at ~ the 4800, if we slice through it get a 2nd contract and aim for the 4809 area at least, potentially 4814 - do not get too greedy with this though
~4775 (ON Low)
LF Short
You are looking for signs of a break-down
You need to be very confident about the market trending down in order to take this as we would be passing the ON low, and getting into territory we haven't seen since September 15
You want to see aggressive selling, strong volume or extremely little resistance
4761 is safe target
4753 would be stretch target
Ideal stop is behind 4780
You will need to watch this trade closely and be prepared to exit if we see strong signs of a reversal
~4750
LF Long
You are looking for signs that higher time frame players are stepping in to buy
You are looking for the buying to be very aggressive
Exhaustion is not good enough of an entry, you need to see strong signs of a reversal
Be prepared to pass up on this setup
~4750
LF Short
You want to see signs that this bear move isn't over
You are looking for higher time frame players not stepping in to buy
Aim for 15 pts is safe
~4731 stretch
If the market goes to the 4742 area, lower your stop to at least break even
Be prepared to pass up on this setup
~4730
LF Long
You want to see signs that the bear move is over
Exhaustion is good enough depending on the time of day
IF we had a trend day today, don't take unless you see some VERY strong signs or it's late in the session
The later in the day, the better this setup becomes
Setup 10 - Short at open
You most likely won't take this setup
You need to see a very strong bear profile
You want to see signs of panic
This is an extension of the 4775 break down trade, you are just seeing the early signs and looking for a better fill
Be prepared to exit at ~4775 if we don't break through the ON low fast
Things to watch at open
Total volume - will higher time frame players step in right off the open? or wait for a certain price point?
Volume profiles - will we see any resemblance of a trend day?
Watch the movement very closely, be prepared to take a trade but don't force it
3 trades taken today, 1 win 2 losses, but I did end on the positive side today.
Not the greatest psychology day for me, I became very impatient and placed a trade that I should not have. I spent too much time watching the market tick by tick that I got carried away and didn't focus on the right things.
First trade taken
Breakdown short at 4773
I was late on taking this short, I hesitated a bit due to the losses I took yesterday. I felt comfortable that we were moving bear, but I wanted to see stronger signs before I pulled the trigger. This picture shows why I didn't get as big of a win as I would've liked due to that
At least I was able to still get a fill just below the area
My default target was the 59 area but once I got a good gauge of the trend I felt that we could go a bit further than that.
I moved my target to the 57 area, and my stop behind a strong volume area.
I have now guaranteed a profit, and in the middle of a strong trend going my way. This is reasonable in terms of trade management, if I only did it once. In this scenario, this would've been close to perfect exit.
However, I go a bit further than that and then lower my target, which never ends up being hit. I then have to make a tough decision to exit at the 61 area which is lower than my initial target, and my modified target.
This is a micromanagement and greedy mistake.
At least I recognized I missed the exit point and got out at 61 as opposed to held on to lose even more.
Second trade taken
This is one of those trades where you just shake your head and think "wtf did I just do, and why? lol". You're not even mad, you are just surprised
No signs apart from the vandles moving down, but that wasn't enough after this very strong bull move, but I just shorted. Part of me felt like I wanted to take a gamble, but why?
I think I might've been watching things too closely and apart from the one 5 minute big candle move up, everything was so slow. I gotta get back to just walking away when the market is this slow
Obviously this ended up being a loss, I pretty much shorted at the bottom haha
Third trade taken
I was looking for a strong continuation of the bull trend once we broke through the 4800 mark, but the bull move wasn't going to be that strong anymore.
The entry point I got in at was then too high to be able to reach enough points for a win.
Since the trade I had before was a wtf trade, I just walked away so I wouldn't do any wtf stuff, unfortunately my target was not filled, it was ~4813.
This is where a rule of moving my stop after 8-10 points would've been good. The market had to go against me 15 points from the top wick in order to hit my stop
Psychology goals today
Do not look at P&L - Failed, I don't know why I keep wanting to look at this
0 FOMO trades - I don't know wtf my 2nd trade was, maybe a FOMO trade? I'm not sure if I passed or failed on this
0 Emotional trades -Same as above
Aim for 2 trades - you can take a 3rd one if you have won at least one of the previous trades, and you have a very good setup - Somewhat passed, I wouldn't call my 3rd trade a 'very good' setup, just 'good'. I should've passed
Do not get greedy with your trades - Failed
Do not micromanage trades - Move stop once to secure profits, and target move no more than once and only if you are seeing some very strong movements - Failed
Overall a slightly positive day, but a negative psychology day. China news just came out and both numbers are more positive than expected, and tomorrow we have some news and Yellen talking, so we'll see how things go.
I definitely didn't feel like writing in my journal tonight as I'm tired and lazy, but sometimes you gotta force yourself to do it knowing that it'll benefit you in the long run.
Yesterday's excellence is today's standard and tomorrow's mediocrity
Weekly range above ATR, and unlikely to grow - we would need to move 65pts bear or 85pts bull to increase it
Open is 4868 so unless we see an additional 50 pt bull move, this week will end in the red
Despite Monday being a 'holiday', the volume this week is likely to be higher than the previous 3 weeks
40 point bull wick yesterday showing bullish signals
Huge bear move down on Tuesday, so we might see some people exit out of their positions at the open if they feel today will mostly go up
News
Business Inventories @10
Consumer Sentiment @ 10
Yellen speaks @ 1230 or 130? Econoday says 1230 and Bloomberg just said 130, I'll watch both
Scenarios
Trend bull day, we shatter through the ON easy, we trend with minor pullbacks to 4840, a somewhat strong pullback and from there on we are in the clear until the end of the week move
We start with a bull move until ~4840, we then range between ~4840 and ~4800
Market opens up until ON high, then moves down to the ~4800 area, we then move up from there until ~4840 or end of the day
Market opens up bear and we trend down to the ON low, we then see a lot of buying and market trends bull from there
Market opens up bull until ~ON high, then trends bear for the rest of the day
You can enter preemptively if the market doesn't seem eager to push up above this, but be careful around the timing
You want to see volume picking up ~the 4835 mark
If you see aggressive selling then hop on and aim for 15 pts at least, ~4821 for stretch
Stop behind 4843 is ideal
~4840
LF Long
You are looking for signs of a break out trade
You want to see force moving this up
The ON high should be taken out without a problem
You are looking for signs in the volume profile that we might have a bull trend day scenario
If the break-out is strong, and if we destroy the 4850 zone without too many issues, then hold this until ~3-330 unless you see some very strong reversal signs
Pay very close attention to the 4850 area, and be prepared to exit should you see enough reasons to exit
Don't micromanage this too much please. Move stop once, twice max. Move target once, unless you see strong signs of a bull trend day, then take out target until you see market starting to ramp up again.
~4820 (ON High)
LF Short
Likely to be first area hit today - be wary of morning jumps with little direction
You are looking for signs of aggressive selling
You want to see a volume profile that shows a reversal
Do not enter preemptively, you want to see some strong signs before taking this
Be prepared to pass up on this setup
Ideal stop is behind 4826, target ~4806 for safe, and ~4801 for stretch
If the move down is extremely strong, then you may consider moving target to ~4893
~4820 (ON High)
LF Long
Likely to be first area hit today - be wary of morning jumps with little direction triggering this
You are looking for signs of a break out trade
Watch the 4830 closely for signs of reversal - be prepared to exit
Ideal setup would include strong signs of a bull trend day from the volume profile
Stop behind 4815 is ideal
Target ~4837 is safe, ~4847 is stretch but you'll need to watch the 4840 very closely - be prepared to exit
~4800
LF Long
You are looking for signs of higher time frame players stepping in
Volume accumulating would be ideal, but you might not stay here long if the market feels 4800 is cheap given data from this week
You want to be ready to take this setup if selling slows down, we might not be here for a long time
Ideal stop is behind 4795
Safe target is ~4817, stretch target is ~4827, if the scenario looks like a bull trend day you may target ~4834 but you need to move your stops accordingly to guarantee profit and watch the market closely for any signs of reversal
~4800
LF Short
You are looking for signs of panic
You are looking for an absence of higher time frame players stepping in to buy at 4800
This setup can be tricky because ON low is just 10 points below
You need to see a lot of signs that let you know bear continuation is very likely
Be prepared to pass up on this setup
Watch the ON low very closely, prepare to exit ~ that area at anytime
If you pass the ON, don't get too greedy on this. A 14-18 pt trade would be fantastic here
~4790 (ON Low)
LF Long
You want to see signs of aggressive buying
If higher time frame players step in, then great
If 4800 got sliced, then be very careful with this
Watch it closely to ensure you didn't just get into a pullback if you do get in
You might be tempted to take a short if this gets sliced - Don't do it
Stop behind 4784 is a must, so entry might be tricky
Target ~ 4897 is safe, but if you break the 4800 area don't settle for anything less than 4806, you might aim as high as 4816 depending on the time
~4780
LF Long
You want to see signs of aggressive buying
If higher time frame players step in, then great
If 4800 and 4790 got sliced, then be very careful with this
Watch it closely to ensure you didn't just get into a pullback if you do get in
Stop behind 4775 is ideal
Target ~ 4896 is safe, but if you break the 4800 area don't settle for anything less than 4806, you might aim as high as 4816 depending on the time
Be careful not to get too greedy with this or micromanage
~4780
You are looking for a breakdown trade
If you sliced through 4800 and 4790 with little resistance, then you want to look out for this setup
Be careful of a trend reversal
Be prepared to pass up on this
~4755 (PDL, monthly low)
LF Long
Unlikely to hit this
You can take preemptively depending on the time
This becomes an even better setup ~330 ramp up
Careful ~ Yellen time
Things to watch
Volume at open - will it be as high as the last 3 days?
Range - will today be volatile if there are players who are still holding out to their shorts from Tuesday?
Volume profiles - will we see signs of a range opening, or will we see any profiles resembling a trend day?
Do not micromanage trades, stick to your plan on how to manage your trades
2 trades maximum today - so pick your best setups
If you find that you are getting restless because you haven't taken a trade yet, just step away and set proper alarms. Yesterday you watched the market like a hawk and took a wtf trade that made no sense
End of the week, let's end today on a positive note whether you win or lose $. You've got a lot to do trading wise this weekend, so you must trade well today so you can be as confident as possible!
Yesterday's excellence is today's standard and tomorrow's mediocrity
. Unfortunately I did not complete my prep before the market opened (first time in a while on days I intended to trade). I posted this late cause I was focused on trading and after I took my 2 trades I was so tired I went to go nap "sarcastic:
