Remember The Name
Just a thought
A mentor of mine had me start doing this years ago, thought maybe I'd share. Personally, I chose Trading In The Zone & Its not what you think, Its how you think.
My morning routine is the most important as it starts my day off on the right foot. I read a chapter out of each book to reinforce the idea, that, trading is a game of odds and probabilities. Edge and risk management. One trader after another. They are all the same. Some work out and some don't.
I also read out loud my personal affirmations and goals that I have set. Focus. Focus. Focus.
Just Fucking Do It.
My morning routine is the most important as it starts my day off on the right foot. I read a chapter out of each book to reinforce the idea, that, trading is a game of odds and probabilities. Edge and risk management. One trader after another. They are all the same. Some work out and some don't.
I also read out loud my personal affirmations and goals that I have set. Focus. Focus. Focus.
Just Fucking Do It.
Watch List & Alerts
Get Your Mind Right.
The Real Reason You're broke
$SPY $QQQ $IWM
Weekly Look at $ARMH $CRM $DATA $FB $FRGI $ILMN $KMX $LNKD $LOGM $MYL $PRXL $STMP $TASR $ULTA $TWTR $VEEV
Trading Rules
Keep It Simple.
- Time Frame
- Weekly Charts
- Entries
- Base break outs
- Trend line breaks
- On above average volume.
- Price must be above the 10/30 week moving averages
- Risk/ Stops
- Risk no more than 2% of capital per trade.
- Stop set at 1-2x ATR
- Profit Taking
- Strategy One
- 1/3 off at 2x ATR
- 1/3 off at 20%
- Trail stop last 1/3 (6 bar low)
- Strategy Two
- 1/2 off at 20%
- 1/2 trail stop (6 bar low)
- Some Other Criteria to Keep in Mind.
- Focus on companies that are new. ( 10-15yrs. max)
What is really comes down to is drawing some lines on a chart and managing risk...
Charts of Interest - $ARMH $DE $EQIX $EVHC $IPGP $KMX $LOGM $N $PACW $PRXL
Fear Does Not Exist
Focus List
Own That S***
Watch List
Dan Pena - 50 Billion Dollar Man
Trade Station Scan Watch List
Watch List
Watch List
Ego
Worst Trade of the Year $CYBR
At this point I am not sure why, but I felt paralysis. I couldn't do anything but stare and do nothing. Haven't felt like that in a trade, winner or loser, in years. I guess, sometimes, I need a kick in the teeth to get me back where I should be. I know nothing. Anything is possible. This is game of odds and probabilities. (For the record, hit a hot key 3x)
I can only assume I will be stopped out tomorrow. At least I didn't move my stop right!?