Thursday, April 15, 2010

20100415 stats

Day Result
Positive +40 (+44 before commissions)

Stats
3W (100%); LWin: 27, LLoser 0
Great. Keep it up
Mood
Great. Screen time was 20 minutes.

Stress level
No stress after 20 minutes of tradingScreen desktop has been organized, so that all information is at one glance and fewer mouse clicks. Few cognitive loads. No distractions.
The Good
Continued to get good opportunities with FNG strategy.
Goal: Keep working on this strategy until April 23
The Bad
Looks like I am in scalp mode.
Goal: Identify candle patterns at the end of 5 min bar to decide whether to stay or leave trade.
The Ugly
Realized today that I am working hard just to make sure that I don't lose. This is wrong psychology. Need to shift the paradigm.Goal: Think about staying with winners longer. How? Add psychology row in this sheet to monitor, how I am working on this daily.




A Brief Trading Self-Assessment
* 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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