Chapter 3 Trading journal #137–07/30/2019 +$48

The things to work on:

• Better position myself into the option trades. I hate selling puts. I have to be less aggressive + This should be a confirmed uptrend. Selling the bounce feels way better than selling puts into the strengths.
• Avoid late exits in the stocks ( specifically, when the backside is not set yet)
• When trading a stock intraday, before taking any entry, it is important to gauge what’s the nature of the stock.

SLGB +$13

EFOI -$29

This was my exit signal. Made a mistake of not getting out. Reclaimed VWAP, Level, caught up with 20MA on 1 min.

VLRX -$85

Mistake #1 — Late entry, even of on the starter size this is unacceptable

#2 Missed the exit — reclaimed the levels, was making higher lows + the call was ahead of us (forward-looking event)

The chapter associated with these trading journals is still in production.

Read from the beginning: Chapter 0. What it takes to be a seven-figure trader, and how it all started.

or read my latest post: Beginners guide to trading mistakes. Common day trading mistakes with 50+ charts and examples.

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