Previously gaps...now, break and retest, mainly. Have to adapt to changing markets. A running memoir.
Nothing found here should be considered advice.
ZWYPZT
At the end of the day, trading well is a game of patience. They won't all work out, but if you can wait for that one or two extra candles to close, you'll likely be better off than being overreactive.
I took a loss in $BA today and a paper cut in $MSTX, which I shorted again a little later and worked out. I'm practicing waiting for an impulsive move and a pullback into the area it moved from. Then entering and targeting the previous high or low from that move...
In 2025:
I will find support for how to find the names for my setup.
Journal more thoroughly.
Make my system more hands off.
Expand my tribe.
Slowly increase my risk.
Learn more about and try building an algo.
X/x
I leaned into learning to write my own hotkey scripts to decrease the cognitive load for execution and trade management.
I kept a journal, but it's an area where I'll improve.
I had a small tribe. We kept each other accountable.
I slowed down and traded less. 2/x
I just ended my first green year trading. Small and insignificant amount, but notably, green.
This year, I focused on adopting a broadly used system that already clicked with my mindset and made it a mission to learn everything about it. I then made it my own. 1/x
Looks like I trade well in August 😂 I came to post...and last time was last year, this time. If I can remain consistent, I'm on pace for finally having a green year. That's major.
@ScarfaceTrades_ Thanks for sharing your journey! It's inspiring for sure. Glad to be part of Mastermind and learn new things each day. Cheers to 2024!
@OddStockTrader Yes, it is. Great documentary on Netflix about it right now. I grew up overseas and never had the gut issues there as I do now. Even when I go back, symptoms subside and it's easier to find foods that agree with my gut.
@drockthederek@drockthederek what makes you go long on these versus having a short bias? I see the pattern, stock gops down prior day, 2nd day no continuation.