Chapter 3 Trading journal #148–08/14/2019 -$165

• still in this mentality of pressing hard. I will step back till the end of the week and work on having $40 risk. The variable risk and idea of pressing hard is not working for me.
• Also, as a part of this rehabilitation process. I will not trade mid-caps, large caps, options, or markets. I need to do less and build it from there.

2 new rules:

• when there is a flush — stops Should always be above the Flush Volume Candle’s resistance ( in case it grinds back up or there is a wick) Manage size accordingly.
• Longs should always have stop ( risk below the actual consolidation) build position wisely and slowly. Chasing entries is not good.
• Tomorrow I should concentrate on working with Najeeb. My main goal is to sit on my hands and slow the fuck down.

YRIV +$76

RKDA +$63

TVIX -$9

AKTX -$91

TRNX -$191

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.

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

Resources

1. Connect with me on Twitter, Linkedin, or hit me up on Telegram
2. Table of contents — everything posted up to date.
3. Subscribe below to get new post notifications.