Aiman

Ran into this picture online today... This is so true about any type of success in any career or goal. People only see what others have achieved and want the shortcut to the top. In my personal opinion, in Day Trading there are no shortcuts, the work must be put in, by education, practice, practice and even more practice. After comes the physiological and emotional part that is trigger when we put skin (real money) in the game. This is were we need to transform from a regular Day Trader's mindset to a Successful Day Trader's mindset. This is by far the hardest part of Day Trading and requires hard work, persistence, and dedication just to name a few.... #wegotthis

I had an amazing week with 1 small red day Monday and the rest green. For us new traders this is a great confidence booster but it is important for us to stay even-keeled going into the next trading session. There is a fine line between confidence and over-confidence. Over-confidence can make us take weak setups, aggressive position size, and early entries because we expect everything to go our way as it has in the past. When it does not, our confidence takes huge hit and this can lead to bad trading, overtrading and easily snowballing a small red day into a big red day....(I have had my share of this experience.)

A green streak does not make the probability of having another green day higher. Our past results do not determine future results, same goes for when we have red days. So let's stay even-keeled and "cool as a fan" as we enter tomorrow's trading day.

(Now time to look at the improvements notes from last week's journal!)

The best part about this career is the ability to be in complete control of your time and flexibility to trade from anywhere. Today we took advantage of LB for a nice opening range breakdown. I was able to listen in to the chatroom while trading on my way up to Canada for family vacation. Just amazing.

$BILI (which has been my good buddy this week) was screaming at me with a great risk to reward, I had been watching the stock all week as well as this morning since premarket for a bounce from the PCL. After settling in on my hotel room, although it was passed my trading time (11:30), and I had already done the video recap, the opportunity was to great to pass up. I got in long and took advantage of the move.

Hoping everyone had a great day today as well!
 

Reviewing my trades for this week and updating my whiteboard with the top Improvement points for next week. Glad this bumpy and choppy week is over.