No trading last week due other commitments
Day Result
| Flat -3 (+3 before commissions)
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Stats
| 2W 2L (50%); LWin: 27, LLoser -22
| Not good stats
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Mood
| Great.
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Stress level
| No stress after 30 minutes of trading | Screen desktop has been organized, so that all information is at one glance and fewer mouse clicks. Few cognitive loads. No distractions.
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The Good
| Continued to get good opportunities with FNG strategy.
| Goal: Keep working on this strategy until April 23
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The Bad
| I am still in scalp mode. Need to change this habit.
| Goal: Identify candle patterns at the end of 5 min bar to decide whether to stay or leave trade.
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The Ugly
| I am still working hard just to make sure that I don't lose. This is wrong psychology. Need to shift the paradigm. Average hold time was 10 minutes. | Goal: Think about staying with winners longer. How? Add psychology row in this sheet to monitor, how I am working on this daily.
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A Brief Trading Self-Assessment
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* How many of your trades today (or this week) had an explicitly defined risk and reward?
| All |
* How many of your trades today (or this week) did you execute according to the defined risk and reward?
| All |
* How many of your trades today (or this week) were based upon clear market patterns and a clear identification of how the market was trading?
| All |
* How many of your trades today (or this week) were placed out of fear of missing a move? Out of frustration following a loss? Out of boredom in a slow market?
| None |
* How many of your trades today (or this week) would you place again if you had the same circumstances?
| All |
* How many of your trades today (or this week) came from advance planning and preparation?
| All |
* How many of your trades today (or this week) were sized properly, given your level of confidence in your ideas and your desired risk management?
| Currently on small size. Will stay on this until reach a defined profit targets. |
* What did you learn today (or this week), and how will you put that learning to work tomorrow (or next week)?
| Identified psychological issue regarding fear of losing gains. Need to improve that. Will add a row monitor it daily. |
* How did you feel about your trading at the end of the day (or week)? Proud? Disgusted? Regretful? Satisfied?
| Proud |
* What can you do tomorrow (or next week) to feel proud of and satisfied with your trading?
| Same as today. |
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