YTD PnL Graph:
Short week with only 3 days trading. However massive progress was made this week I feel. You can see the downtrend in my PnL testing the upper bound of the channel and looking for a trend change. I feel this reflected in my trading. Last two days were superb.
Another thing I would add is that the 18th was one of my best days (process-wise) YTD. I had another one of those the prior week, so feeling good.
Disciplined day count is up to 16, and although I'm not ready to increase size when it reaches 20... It gives me confidence that I am nearly there and just need to hone in on my actual trading.
Big takeaways for the week:
(1) Don't have too many losing trades on the same symbol. Two is enough. Additionally don't make a habit of immediately re-entering when get faked out.
(2) Set orders for entries and forget them. If think that's what a stock is going to do, then don't worry about it at prices that don't interest you. Don't be afraid to miss the trade, because entering too early, getting stopped where should have entered is actually worse than anything. Setting the orders seems to help with my fomo - and it most certainly helps consistency.
All-in-all I feel like I am ready to string together 4/5 or 5/5 positive days this coming week. Provided I stick to my processes and have patience for entry. If I can achieve this, along with continuing disciplined days then I am open to increasing share size (from minimum size) ever so slightly (just enough so as to balance a TSLA trade vs a penny stock trade).
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