Day 72 - April 21, 2020
4 Tickets
1 Symbol
Green Day
Watchlist:
Trades:
BYND - Long - 1min - ABCD
BYND gapping up on strong catalyst, sold off held premarket level and pushed higher. Took it on the pullback into VWAP as it held pushed back above VWAP. Puked a 1/3 partial and sold before my stop loss as I didn’t want to take a full size loss….emotional fear showing no confidence in my thesis…play ended up working and I partialed into previous pop. And more into HOD as it seemed indecisive.
Good: Happy with entry, waited for the pullback and confirmation hold of VWAP. Like my 2nd and 3rd partials into levels.
Improvement: Still battling my psychological side….cutting my trades early for no reason, idea was still in tact. No reason to lighten up and sell partial into a loss.
Trade Review
Super selective on my trades once again. Finding it very difficult, as I am usually a "go, go, go" type of person (ADD?) and like the action. However, with my new weekly challenge of taking A+ setups I have been working on being very strict and only taking A+ setups.
Another thing I notice is I am taking down trades I would have made, and they seem like they are becoming better and better.
Daily Coach 101: Positive Self Coaching
"Heres what I am good at, here's what I did best yesterday, and here's how im going to make use of this strength today"
Starting to see the market better with better thesis for each play. Planning the trade and being patient and letting the market come to me. I am going to use my trading plan, and trading checklist to confirm entries before getting in. From there I will let the winners ride once they go my way.
Daily Report Card
1. Only Take trades using risk calculated hotkey = 1/1
2. Placing trades with defined risk, and profit targets (No adjusting) = 0/1