Thursday, 19 October 2017
Trading Review: 10-17-2017
Gross PnL: +$378.
Net PnL: +$345. $9 in borrows.
Had planned to be back trading Monday, but been crook all week. Had one day where I was awake and felt really good, so traded. Be back next week like normal.
Know exactly what I need to do, so in a really good spot. Absolutely convinced if I keep up changes I will be a CPT within a month.
When I first started trading (first year) I planned trades meticulously, and slowly slacked on this as I gained more "skill/intuition". And this was fine for the most part, except that it made it more difficult to be patient for entry, and retain discipline on stops.
This also meant that when I stuck to my niche setups I was more likely to succeed, but the reality is I can succeed on any stock when it's properly planned.
So back to basics essentially. And I can say it paid off today for sure, plus helped identify some inefficiencies with my orders.
No detailed plan, no trade.
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