Net PnL: +$8582. For the month currently sitting at just under +$3k. Happy to be up, but not really what I had been aiming to do.
Few issues to address:
(1) Had two max drawdown days. One of which was nearly a blowup. WTF is this. Shouldn't even have one max drawdown day a month. (one was tilt, and one was not taking a stop).
(2) Am feeling a lack of "performance drive". This is evident by the quality of my reviews and just general feel. To survive and thrive this is not good enough.
(3) I clearly still haven't managed to ditch that "crush things with size" attitude. No problem with this if it's controlled; except that it's not controlled very well at the moment. One example of when I got this right this week was PTCT on Friday; where I felt I had a strong bias on it, but didn't try to smash it. As a direct result of that I got great entries, good covers and didn't ruin a good trade.
So plan for this week?
(1) Review every day.
(2) Psych score and scores for trading every day. Focus on the willingness to take stops score.
(3) Improvement post focused on how prepared was for stops.
Trading Plan for this week?
(1) Only try and push niche setups by the strictest definition. If strong bias but not strict definition then lock in 3/4s.
(2) Focus on getting good entries relative to stops. This definitely makes it easier to hit a stop.
(3) Take all stops.
Food for thought: Why is it that a year or two ago I easily hit every stop over and over again even if I was tilted?
(1) I had a hard stop order in system. Unfortunately that's more difficult on this platform.
(2) I was less directionally biased. This is stupid because even high probability trades still only have 80% probability of success.
(3) My execution wasn't as good. I now trade around positions a little more. This can lower risk on counter-trend trades, increase probability of success; and to some extent makes it a little more difficult to get a clean stop-out.
^^ So I think the key takeaway is simply making sure I have a definitive plan. May have strayed away from original trading because other areas have improved significantly.
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