TRADING WORKS OUT IN THE END.
TRADING WORKS OUT IN THE END.
TRADING WORKS OUT IN THE END.
TRADING WORKS OUT IN THE END.
TRADING WORKS OUT IN THE END.
TRADING WORKS OUT IN THE END.
TRADING WORKS OUT IN THE END.
TRADING WORKS OUT IN THE END.
TRADING WORKS OUT IN THE END.
Owning just 50 ounces of silver puts you in the top 10% of holders worldwide 🪙
500 ounces? You’re in the top 1%.
And 5,000+ ounces makes you part of the ultra-elite 0.1%. ⚡
#Silver#Wealth#Investing
I think that you MUST BLOW UP in trading to truly change.
Most repeat the same mistakes - breaking rules, not journaling, taking random trades, etc. This won’t get you anywhere. Even if it works for a while, it’ll eventually catch up to you.
And the truth is, most people only change after a big blow-up.
That’s the moment they either quit for good or finally start taking trading seriously.
In this market, only 3 things are truly in your control:
Risk management (position size)
Entry execution (where you get in)
Exit points (where you get out)
Market direction? Uncertain
News? Uncertain
Tomorrow? Uncertain
Master your controllables
Let go of the rest
Trading is the most competitive business in the world.
- Only 5% win
- Long time to overcome the learning curve
- Emotional pain, losses, failures, early morning, late nights, stress
Trading is not for everyone.
Here’s my daily, weekly and monthly review routine:
Note: I built this routine by asking myself the question (when I was new), “what would a professional trader’s routine look like?” I believe it stood the test of time and asking yourself questions like this can put your mind in a creative state. Secondly I distill the day into the very key components I believe matter (execution, data from said execution aka performance and context). Lastly, I believe all great things come from doing the small things well and meticulously… There are no shortcuts besides putting in the time and sacrifice that others will not.
Daily (M-F) After Hours [15m-1hr]:
-Screenshot all execution charts
-Screenshot all charts on my TOS platform on multiple time frames, this includes any stocks that I’ve scanned regardless of if I traded or not
-Import execution data and logs from broker to google sheets and parse it to form full trade by trade breakdowns on wins and losses, also organized in order
One ticker at a time
-Contextualize setup in terms of pillars and make sure I cross reference my realtime notes or logs regarding setup quality/analysis when originally seen.. make any corrections or adjustments with post-market clarity
-Review execution data alongside execution chart and charting software/screenshots for clarification if any questions arise
-Make sure each trade (1-by-1) was precisely executed and note any mistakes
-Write any context of the setup, thoughts or feelings about the trade (I only need 1-3 broken sentences/points)
-Review any missing context or details, more thorough comb of convoluted filings, news or unanswered questions
-Repeat for each unique ticker I personally traded
Overall
-Review any extraneous setups whether or not I missed for any reason or would like to reverse engineer
-If reverse engineering candidate(s) then I run through personal playbook for any analogous strategies or systems, look to backtest and also fully vet the context of the trade by all pillars (technical, fundamental, news and cycle). I then prepare a system to capture the move in totality if I see it again.
-I check my execution data for the day and check metrics like average win/losses, win rate and misc information like fees, # of trades and general stats
-I copy those data points into a monthly database into four columns: win in $/R and loss in $/R
-Those cumulative data points then feed into some cells already preconfigured to find the averages, win/loss ratios and % etc.. I check if all of it is tracking or if any outlier behavior compared to prior months
-Finally I write any notes I have and note down any events to archive context for the future
Weekly (Weekend) [2-3hrs]
-Start from first days journal page and review all charts and executions one by one, day by day
-See if missed anything or can see with new refreshed eyes
-Spend additional time on deep-dives, analysis or projects I postponed due to time
Monthly [4-8hrs]
-Review every single day from start of the month repeating same formula as weekly method
-See cumulative result of the month including my data collection and review outcomes of any changes made and contextualize month in terms of cycle, expectations, themes and overall performance
I will almost never skip a review unless life gets in the way or taking time off completely.
When you become a trader...
You can't stop thinking in probabilities.
You can't stop taking calculated risks.
You can't stop executing.
There's no going back from trading.
Once a trader, always a trader.
Happy birthday P'tay,we love you so so much and wishing you a wonderful birthday 🎈 🎂. May your day be filled with blessing and happiness @Tawan_V#Tawan_V#happytawanday