Weekly review example: Week #16
Another weekly review example: Weekly review example: Week #15
Monthly review:
That’s the end of the 16th week. It’s been 4 months of live trading. For the past 2 months, I’ve been net breakeven every month, excluding Sterling fees. I know can do better than this, every day, I kept learning new things and understanding more and more nuances. At this point, I’m sure that I know enough to push this equilibrium towards being net positive on month 5. This should be the month.
Weekly review:
What to work on:
- My biggest losers are all coming from me being stubborn and not willing to factor in the real situation. ( Frontside, the range is holding). The solution has 2 parts:
- Take only MATA setups + overextended short to the mean ( should have a rejection + near important level + volume exhaustion+ entry of the retest or failed retest of the highs)
- MATA is only a timing point to start looking into the ticker. But the actual market structure ( higher highs, lower lows, the trendline is holding, the support line is holding) — These are my guides.
- Adds in the bottoms in the range, followed by short-term trend reversion, that goes against me. Solution:
- 3 legs down mean that even shorting pops should be well considered, no matter what offers are showing me ( that’s how I’m getting trapped)
- If there is ascending trendline + holds above 20MA on 1 min — this is not short. I need a new setup.
- I did not capitalize on the trades that worked for me.
- The first bounce after the trendline is broken — should have my max risk for A setup.
Trades overview:
- Stubbornness = Having a Bias = Not being flexible and factoring in what a stock is telling me
Clear uptrend here
Range, support is holding.
- Not MATA, not overextended
Did not add in the right place or added in the bottom of the range.
Check out my latest post:
Beginners guide to trading mistakes. Common day trading mistakes with 50+ charts and examples.
Read my story from the beginning.
Chapter 0. What it takes to be a seven-figure trader, and how it all started.
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Resources
- This post is a part of my web 3.0 book “The 1000-day Trading journey from 0 to $1,000,000.” Table of contents — everything posted up to date.
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