Chapter 2 Trading journal #107–06/12/2019 +$114

Peter Skalon.eth
3 min readNov 11, 2022

What to work on:

  1. Use tape only for momentum trades
  2. Use tape only to take entries on range trade, after the risk is placed — disregard it.
  3. Before every entry, check where was a better /right entry. BEFORE EVERY ENTRY.
  4. Take a look at all the right entries. How many minutes do they give to get in?
  5. For the range trades, keep thinking about where is the right place to add more risk and where this is a bad idea.
  6. Side note: offers, while this is not a momentum trade, mean way more when they are on top of the range than when they are at the bottom.
  7. Every action that does not falls into good trading only reinforces poor trading throughout the whole day. It is extremely important to keep doing what I do and review my trades during the day to eliminate this wrongful reinforcement
  8. No longs but default

If No Momentum = Trade Chart.

WHERE WAS THE RIGHT ENTRY?

A lot of room for improvement

$INSY +$101

--

--

Peter Skalon.eth

Author of a web 3.0 edu project - 1000 day trading journey from 0 to $1,000,000. Ex prop trader. Marketing professional @ Cumberland LAbs - Web 3 Incubator