hmm im not really sure how to look at this week. in terms of consistency i really dont think my performance was good. Too many times this week where i tried to trade something that was going in the wrong direction. I really shouldnt just be going for bottom bounces unless the market is constantly turning around at 10-2. if i see multiple times of that setup happening then i should be taking them but until i see that then it really is just a waste of time. In terms of % profit it isnt that bad of a week. 20% is nothing to be mad about but considering the size I used later in the week I think its probably a lot closer to 15%. The market really wasnt giving much so I cant complain but i feel like if i really just honed into one single idea or one single ticker every single day and found a way to pull 5% out of it then this week couldve been a lot better. Thursday shouldve been a 75-150 dollar day but I just couldnt hold through the frontside for some reason. I knew that I couldve made a large amount of money that day but the scaryness of taking a big loss on a 150 share position size is just so strong for me. I really love how I only take size though when it is deemed necessary rather than just using big size everytday for no damn reason. I would really really love to see my size be an average of 250 minimum this week and my max size be closer to 1000 for my good frontside trading opportunities. If I can get another 25% with an average of 250 then should be at least 50$ week next week. I really think that that is putting the bar so god damn low. I can easily have a 50% week and that would be beautiful. Goal for this week is 50% with Avg size around 300. a 150$ week would be absolutely amazing. I really am so happy though that I sized up on thursday and I didnt lose all my gains on friday. I know i have done that so many times that the moment i ended the day on friday down 10$ I was so fucking happy about it. If I can have a couple more days next week where Im nailing a good frontside with 700-1500 position size then absolutely no reason I shouldnt make less than 200$. I know if hurts your soul to think of all of this work you have done to only make 200$ a week when ur friends make that in a day in their salary job but THIS IS WHAT YOU ALWAYS WANTED. You have said so many times to yourself that you will suffer now while they make money but when u can make 10x that in one morning and fuck off for the rest of the day then itll all seem so worth it. Stay grinding, tell nobody, keep your head down, improve every single day, COMPARE YOURSELF TO YOURSELF ONLY. who gives a fuck what anyone else is doing? Why even think anyone is better than you and use their stats as a gage? Such a loser mentality, you are good at trading you dont need any more stats to prove that to yourself. if you cant believe that now then you will never believe it so what the fuck are you waiting for. The thing that pulls you apart from everyone else is that you understand how the market moves, you know that you have absolutely no say in how much or what you will make today, the market decided what it will give and IF you are cool calm and collected then you can profit from the overall markets moves. You do not go into the market to make money, you make money when the market is making money. would you try to go surfing on a calm lake? When u get frustrated you know that the best thing is just be angry and dont touch the computer. wait for the calmness and gratitude for your life and this opportunity come back into your mentality and regroup, make back losses, leave. know that first comes mastery of self then comes mastery of the market. it cannot work any other way. and to just be clear when i say "mastery of the market" I do not mean that you have finally "understood" something you didnt know, no, what I mean is that you have mastered the way you react to the environment, you know exactly how and why and when u will react to any situation that u cannot control. the "observer" sees all. be the observer not the activator
lesson / review
Dec. 12, 2021, midnight
Aug. 1, 2022, 8:08 p.m.
Day Trading: Small Caps & Large Caps,
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