Wednesday actually ended up only -14$
Then Thursday was horrible -245
Friday -30$
And today -140$
Literally everything i do turns out wrong, lol.
Decided to take 24hours off because it's pretty obvious that i am not seeing things clearly.
Also coming back, i will scale down even more. Because right now i am just throwing good money after the bad.
Will risk only 30$ per trade, maximum 100$ loss per day and that is until i get a feel for the market again. I will be more selective with the trades, more limit orders, sniping entries, quickly in the money. Need to trade more in the direction of the momentum, because i am getting cut badly trying to get a limit entry counter-momentum and i get stopped into the bottom or top and then it reverses.
I've been journaling since almost forever but i rarely ever reviewed those journals. So now i will be spending much more time reviewing and reflecting on a daily basis.
Routine right now consists of:
Then Thursday was horrible -245
Friday -30$
And today -140$
Literally everything i do turns out wrong, lol.
Decided to take 24hours off because it's pretty obvious that i am not seeing things clearly.
Also coming back, i will scale down even more. Because right now i am just throwing good money after the bad.
Will risk only 30$ per trade, maximum 100$ loss per day and that is until i get a feel for the market again. I will be more selective with the trades, more limit orders, sniping entries, quickly in the money. Need to trade more in the direction of the momentum, because i am getting cut badly trying to get a limit entry counter-momentum and i get stopped into the bottom or top and then it reverses.
I've been journaling since almost forever but i rarely ever reviewed those journals. So now i will be spending much more time reviewing and reflecting on a daily basis.
Routine right now consists of:
- meditation in the morning(10min)
- trading throughout the day
- reviewing the day in the evening(roughly 60mins) and reflecting(30mins)
- Going through the market/charts prior to the daily close, and checking higher time frame closes(15-20minutes)
Right now i am focused on enforcing the routine and being consistent with it and all of this is ofc with the goal of improving the execution.