Monday, 23 January 2017

Weekly Review: 01-22-2017

Net PnL: +$100.

Such a rusty week back is the only way to describe it! Plenty of progress though and am feeling positive about the week going forward.

The main mistake which encompasses all of the others is that I was putting on max size on every trade - and therefore not surviving long enough to catch the good trades. Fixing this up will mean; at the very least I can spend longer trading and learning from other mistakes. It's not hard to meet a $100 goal, so there's no time pressure or anything like that.

Other Mistakes:
(1) Being impatient for trades. Therefore not surviving long enough.
(2) Going over max size and not covering immediately.
(3) Not having a stop plan.
(4) Not following methodology - range trade only prior to 10:30.
(5) Going over max drawdown (related to size issue).

In general I also had some pretty bad trade ideas that I probably wouldn't have made if I had thought them through a little more.

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