Chapter 3 Trading journal #132–07/22/2019 +$164 (Stocks: -1R, 2 main mistakes)

Main mistakes Stocks today:

1. I’m being shaken out. This is about being short against the right levels, using the right stops, and the right size.
2. If short frontside — GTFO when 5 min candle is being broken to the upside, while HL is holding. Flat Frontside preserves capital. This is not something I want to hold till my stop hit. This is
3. I need to step up my thinking process. From here is my setup, let’s take it to “ok, where I can make money today with high probability” setup is a tool. Making money is number one here.

Options:

• If getting caught in IV trap — get out for a small loss or break even. Risk Management is always first.
• Will go through the last 30 days of AMZN open — to see different scenarios.

Weekly/ Monthly Moto:

• Every execution counts.

DRRX -$51

When the level was reclaimed — that was the first sign to get out. Should have covered 1/4 -1/2 into the drop — this was the right thing to do. Could have gotten…