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Summary of my week ending 2/22/19 So this is a summary of my 3rd week of trading in which I journaled for the BBT community to view. This was also my 6th week of trading with the solitary goal to reduce my over trading. This is also my 3rd week I went on a self-imposed 1-trade a day maximum, which went well initially, with a week of good trading. Second week was quite disappointing. My third week would have been OK if I didn’t break my setup rules today. Results: Negative things this week 1) Broke my setup rules once this week 2) Traded AMD twice this week. Trying to stop trading my “comfortable stocks” 3) Took a 1min ORB with 2min ORB setup rules. Positive things: 1) Never hit max loss 2) Journaled every day this week on the BBT site. 3) Hid my P/L window, which is a first time in 10 months (6m SIM). Never looked at it until end of the trading session. 4) Kept to my 1 trade/day max this week. 5) Share size, taking at 1st partial and stop outs were back to normal this week. 6) Started a rule not to trade before 9:31:45 to prevent 1min ORB trades. Next week: 1) I finished “The Daily Trading Coach” book (3rd time) this week. So I will start rereading “Trading in the Zone” this weekend. 2) I think after 3 weeks on the 1 trade/day rule, and understanding why I broke that rule last week, I will modify the rule for next week. I will allow a maximum of 2 trades a day IF my first trade is a winner. I can’t trust myself if my first trade is a loser. The urge to revenge trade is too strong. Especially, when the loss is caused by a mistake. But after a winner, which is also a well executed trade, I instinctively don’t want to trade anymore and ruin the day. So I assume I will be pickier after a win. I will give this a try.

Not sure if this is the right forum for this as I couldn't find one where it "fit" the criteria perfectly, so move it as needed. In the documents linked below is an example trading plan that I created many months ago from various sources, as well as my own thoughts. I've developed many business plans in a similar fashion and the way I get the most done is by typing up a list of questions, printing it out, and writing (or typing) thorough answers to those questions. You then wait a few days (reset your mind) and return, putting those answers into concise statements / paragraphs to form the basis of your overall business plan. For a trading plan, you may never do the second part (putting it into concise paragraphs), that's OK. The intended purpose of a plan (for business or trading) is to make you think and develop a vision for what you feel is success and how you intend to go about reaching your goal. Just like a business plan, you may deviate from it, you may go slower than you projected, and / or you may alter it along the way. It doesn't matter how you use it after you create it, it's just there to put you back on the tracks if you come off or serve as a reminder to the longer term goal if you're having a short term struggle. Some Tips: - I encourage you to really reflect on your answers, get granular with them, the more you get out of your head now is the more you'll be able to power through in the end. My last major business plan I wrote risk-aversion scenarios for coupe d'etat's (it was for the Middle East) and an assortment of what-if's related to the region - you won't need that here (although, maybe you have terrible in-laws and it's not out of the question), but it helps to think complex (possible) scenarios through as you'll be more prepared to react if it happens. - Set realistic goals. I took a few psychology courses on goal setting at university for my degree and they all seem to agree. Break the goal up into small obtainable steps and build momentum. So don't say "I want to be a billionaire in 5 years," reframe it as "In 5 years, I'd like to have my house paid off entirely, and I'm going to do it by ...". A goal too far out of reach or without structure is useless, even if there's a slim chance. The document has questions for the following sections: - Introduction --> Just a brief overview of what's intended. - Overall Goals & Strategy --> Questions regarding your intended trading goals and strategy. - Education / Evolution --> Questions about how you're going to gain knowledge and evolve to meet your goals. - Psychology --> Questions for how you plan to deal with the psychological aspects of trading. - Timeline --> Your intended timeline of milestones. How you plan to progress through it. - Future You Statements --> Prejourney Statement (message to yourself to be read after you've completed the journey, written in the future-sense like you're talking back at yourself.) - Time Statements --> Done at certain intervals, a quick journal of your progress so far. - After Completion Statements --> Area for you to reflect after this leg of the journey is over and you're about to start the next. Documents: Template File (with example data): https://drive.google.com/file/d/1hKLkaPc4pYXNIpjv26ud3pFLWbeBogvL/view?usp=sharing Template File (blank, just questions): https://drive.google.com/file/d/14VL_ZVk1gBgqpKNeYwiNJDYwfWfSF2gS/view?usp=sharing

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