Live trading summary of the month of August.
 
	So last month was my first positive P/L month since I have been live. My first 3 months live were quite red. My next 5 months were flat. I define flat P/L as the EOM P/L +/- 3R. Then one positive month and now I just finished my first negative month in 7 months at  -5.8R. Both my worse week and second worse week (P/L) occurred this month. With that said, it actually wasn’t a bad month.
 
	My score card for the month was 85.9%, slightly higher than last month. My win rate for the month was 46%, which included one week of only 22% winrate. What is also very interesting is there was not even one trade that I took without a good setup. There were definitely bad trades, one to three a week, but not due to a bad setup. I would say all but one of my poorly scored trades were due to the same thing, how I handled a bad entry. 
 
	Half the time a bad entry is not my fault, it was a bad fill. That is OK, if you manage the bad fill correctly. I never did. The simplest way is just get out of the trade as fast as possible. Another way is to take a heavy partial renormalizing the risk. I don’t do either. I wait to be stopped out for much larger than my 1R. Sometimes the bad entry is my fault. I miss the correct entry and took the trade anyway.
 
	I started taking the course (home study version): Van Tharp Institute Peak Performance Course for Traders last month. To place some accountability on myself to finish the course I have been posting my reading notes and assignments online. Please see my link if you are curious about the course. I have finished the first two volumes of the course (there are a total of 5 and they get bigger as you go). When I say finish, I mean reading, taking notes and completed the exercises.
 
	https://forums.bearbulltraders.com/topic/1286-van-tharp-institute-peak-performance-course-for-traders-my-journey-through-the-course/
 
	 
 
	Stats for February/March/April/May/June/July/August:
 
	
		
			
				
					 
				 
			
			
				
					February
				 
			
			
				
					March
				 
			
			
				
					April
				 
			
			
				
					May
				 
			
			
				
					June
				 
			
			
				
					July
				 
			
			
				
					August
				 
			
		
		
			
				
					Total # of live trades
				 
			
			
				
					21
				 
			
			
				
					34
				 
			
			
				
					36
				 
			
			
				
					36
				 
			
			
				
					38
				 
			
			
				
					19
				 
			
			
				
					25
				 
			
		
		
			
				
					Hulk Days
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
		
		
			
				
					Max Loss Days
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
		
		
			
				
					Broke max trade rule
				 
			
			
				
					1
				 
			
			
				
					1
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
		
		
			
				
					Hot Key Mistakes
				 
			
			
				
					1
				 
			
			
				
					1
				 
			
			
				
					0
				 
			
			
				
					0
				 
			
			
				
					1
				 
			
			
				
					2
				 
			
			
				
					3
				 
			
		
		
			
				
					Score card
				 
			
			
				
					 
				 
			
			
				
					 
				 
			
			
				
					81%
				 
			
			
				
					81%
				 
			
			
				
					84.5%
				 
			
			
				
					85.8%
				 
			
			
				
					85.9%
				 
			
		
	
	Note all 6 hotkey mistakes, from the last 3 months, were due to incomplete transition from live to SIM.
 
	SIM trades have gone well this month. I definitely see an improvement. Aiming to go live with some 5/10/15 min ORBs in September.
 
	Goals for September:
 
	1)    Don’t go hulk.
 
	2)    Learn to control your emotions after a loss.
 
	3)    The trade score card average for the month should exceed the previous month.
 
	4)    Keep risk per trade $30.
 
	5)    Keep improving health.
 
	6)    Keep making SIM trades on 5/10/15 min ORBs
 
	7)    Start taking small live 5/10/15 min ORBs when stats say I am ready.
 
	😎    Continue with the Van Tharp course for traders.
 
	9)    Work on being able to manage a trade with a bad entry. Either exit or take shares off the trade to re-normalize the risk. 
 
	10) Allow a third trade if a previous trade was exited well early for a tactical trade management purpose.
 
	11) Adjust score card for harsh penalties for not managing a trade well after a poor exit.
 
	12) Keep P/L window closed for the whole month of September. Only after the last trading session, on the last day of the month I can look at it. I need to focus on score card only.