Chapter 2 Trading journal #117–06/26/2019 -$107

• Traded like shit today. FOMO (ACST). Kept losing money in the stocks that are far away from my edge. (Coty, MU, GNCA) Thinking it’s stupid to lose more than 0.5 R in setups like this. Also extremely stupid to lose money outside of my niche.
• Tomorrow back to basics again. Concentrate on my edge. Low Float, Gap up, Short. Trade less.
• Do not even think to trade news from the radio. I’m getting biased and starting to ignore price action (COTY, GNCA)
• Once again for B stocks, I can not allow B entries ( bottom or middle of the range) WKHS today.
• Will not trade Premarket tomorrow. Somehow it gives some sort of FOMO if I’m not in. And I’m not still not used to it. This trading recently also has been taking away my mindfulness right into the open.

I know all the mistakes I’ve done today, and that’s why it is extremely frustrating.

Just to reiterate to myself. Why the fuck am I red today?

1. I traded shit outside of my niche. Mid caps, breaking news and etc.
2. My entries sucked. B entry for B stocks. FOMO entries are against my rules.
3. Compose tomorrow's daily report card for the next 20 trading days based on my weekly goals. At this point, I know how to trade profitably. I need to take under control all psychological aspects by having strong limitations on what and how I do. Also, this would be a good starting point to expand on later on. Add being neutral
4. Add A stock and evaluate be the end of the day entries( A, B, C — only if momentum) and B stock with only A entries
5. Think in Extreme Ownership mentality — that's the only way to avoid being mediocre

OBLN +$35

NAK +$25

MGI +$21

TTNP 0

Didn’t hit it.

ACST -$3

Extremely Poor trading here. Just A huge amount of FOMO

Also, I’m getting sucked into trading of the radio news, and I ignore price action.

2,3,4,5 — Stupid FOMO entries. I got this FOMO because of all these conference calls and etc, ( warrants) very, very stupid.

COTY -$10

Again, why the fuck I even listen to the news about stocks that are outside of my niche?

IGC -$14

VBIV -$13

WKHS -$27

B — stock, not enough volume. Hard to trade in general.

#1 If wanted to go long — this was the right entry

#2 This was just a stupid late entry for long

#3 Again I do not take entries like this. B stock, unfavorable R/R

#4 And I do not ADD when Higher lows are actually holding. Poor Poor entry.

MU -$53

Just stupid. Outside of my niche completely.

GNCA -$67

#1 late entry. The higher low was holding.

#2 B stock — spread opens up, not too much volume, impossible to cover. Even these middle-of-the-range entries were not acceptable.

#3 No adds on the way up. Higher Lows were holding.

#4 MATA, VWAP, and Higher Lows were holding. Just stupid.

Read next: Chapter 2 Trading journal #118–06/27/2019 +$157

Read main Chapter 2 “Peter, you have to start putting green days on”

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