General:
First week I started off on the wrong foot and was not "reading" stocks well, then midterm season came along and added lots of stress. Sat in a paper account for the 3rd week.
Stats:
From my monthly stats:
- I had long red streaks
- My emotional, random, FOMO trades where my biggest losses
- Letting red trades affect me
- cut my winners early, and wasnt trading as big of size
- VWAP Reclaim 3/3
- Being able to identify where a key sup level is under VWAP and long off of it
Lessons:
- Breaking small rules can hurt me
- trading stock above $8
- Contorling emotions are hard
- tend to have the biggest loses because being emotional and undisciplined
- Look at the bigger picuture
- DRAW your trendline --> stop trading the backside
Next Month Improvements:
Really wanting to focus on VWAP reclaims and washouts IF that whats the market gives me. I want to be more disciplined, stick to low priced, small cap stocks. Try to elimate as many random backside trades.
Overall:
Overall, fustrating month. I slipped a little and continue to slip throughout the month. I am proud that I swtich over to paper account for a week and stuck to it. This month was full of lessons about the market and myself.
- if school is stressful go into a paper account
- forcing trades are loosing trades