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Bailey Nevener

Youtube Video Journal - See the Progress + Profit/Loss!

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Date 

  • May 10, 2021

 

Status (Live/Sim/PCT Sim) 

  • PCT Sim

 

Performance Questions

  • What did I do well?
    • I didn't force myself to make goal amount today.
    • When I had platform issues I took off my positions.
  • What could I have done better?
    • Had my platform setup correct, but there's always problems when you come back from a hiatus.
    • Held onto INTC for the day run. (That was when I had platform issues)
    • Got to the computer sooner than 6:16 a.m. and get setup faster so I wasn't rushed at the open.

 

Psychology Questions

  • What's your performance pressure out of ten? 
    ( 0 =  too comfortable; 10 = too anxious)
    • 3
  • Is the current way I am trading going to lead to long term success?
    • Yes, the trading style will lead to the long term success, however I will need to make sure that I am setup to trade sooner than 6:28 a.m.
Edited by Bailey Nevener

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Date 

  • May 12, 2021

Status (Live/Sim/PCT Sim) 

  • PCT Sim

 

Performance Questions

  • What did I do well?
    • Not much!  Showed up to the computer.
  • What could I have done better?
    • It is clear that I should not enter in the first minute.  My sample size is large enough to confirm that my intuition during this time is very poor.
      • plus my tight stops work against me during the price discovery.
    • Set my stops immediately after entry.
      • Uncontrolled losses will result if I don't do this mechanically.
    • Get in on a range break.
      • avoid trading intra-range on the 60 minute chart.  (aka be more picky with tickers)

 

Psychology Questions

  • What's your performance pressure out of ten? 
    ( 0 =  too comfortable; 10 = too anxious)
    • 5
  • Is the current way I am trading going to lead to long term success?
    • No, I need to set my stops and let them get hit.

 

Edited by Bailey Nevener
  • Like 2

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2 hours ago, Fresh Prince said:

I REALLY like how you recapped here and it motivates me to do the same.

I appreciate the feedback. 

I try to distill the journaling process into its most basic parts and put all of the lessons from the most recent week into a weekly review.

Otherwise the review process is way too overwhelming to the point of being useless when I look back after several months.

 

I have found that I don't really like going back through individual trades after a long period of time 

because I usually feel I've developed enough since then that I don't want to "taint" my current view of the market with old thinking.

 

That's why I track generalities of how I'm doing from day to day in order to stay an active participant in my development,

but not so intense that my anxiousness leads me to unnecessarily making adjustments.

 

The weekly review distills my concerns from one week to the next, so I can clearly distinguish between trading anomalies and recurring issues.

 

Otherwise I feel too responsible for my results from day to day rather than letting my strategy reveal its viability through frequency

 

Thanks for reading.

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  •  

image.png.99494b49a30e4e187a891a17c51eeb13.png

Date 

  • May 13, 2021

Status (Live/Sim/PCT Sim) 

  • PCT Sim

 

Performance Questions

  • What did I do well?
    • I didn't trade in the first minute.
    • Found a 60 minute hammer that I could get a directional bias from. (PLUG)
  • What could I have done better?
    • Upon reviewing the video I saw that it did not BID over premarket high.
      • I should have only added on minute 3 if this occurred.
      • I should have expanded my 1 minute chart so I didn't accidentally place my stop higher when the chart expanded (as I clicked).
    • I need to keep my stops active until hit (that starts with clicking in the right place when I buy shares).
    • I should not have shorted against that 60 minute hammer.
      • Only when there is just a regular range break should I do this (60 minute range break without a hammer).

 

Psychology Questions

  • What's your performance pressure out of ten? 
    ( 0 =  too comfortable; 10 = too anxious)
    • 6
  • Is the current way I am trading going to lead to long term success?
    • No, my losses have been very high.  I am trading sub par stocks because I am not seeing what I want in the first minute.  ABCD's might be my next step because of this change in performance.

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Stayed up doing homework really late.  Will trade on Monday!  It was a discouraging week,

but I derived how Kyle's hotkeys worked to troubleshoot what happened

and I reflected on the main problems this week, which is mainly cancelling my stops and picking poor stocks.

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