12.4

Did a great job taking a loss the first trade.

Then convinced myself I exited to early, oversized to make up for the first lost and was hilariously wrong. And, because of the size, unwilling to take the loss immediately.

I added to my position when the setup was obvious and very quickly 2xed the late buys. If I had just waited to trade that setup.

What went wrong?

I loaded the charts, my gut told me long, we went long, I 'missed' it and so was eager to get into a trade. Versus accepting that I 'missed' it and knowing another setup will come. And, no matter how much the fomo kicks in my system requires C@SL or P@SH. That alone would have saved me from taking calls. I would've missed the tank. But, then had the trade I ultimately added at the bottom when the setup was there.

C@SL P@SH or miss it and wait for the next setup that shows.

There's no entering late until unless a 10m TL breaks that was connected by pivots at least 5+ candles apart. And, even then we wait for a 3m pivot flip to enter.

I entered calls at the hold of the previous SHs resistance, assuming it'd hold as support. It did, but it doesn't matter because I enter C@SLs only.

I was also very aware there was no real trend on the 10m. So I did zoom down to the three. But, on that look yes we made a HH and two 3m candles held the 3m8e along with the same level of previous resistance potentially acting as support. But, that's what got me again. My unwillingness to be patient enough. I need to wait 3+ 3m candles at SL or SH for an entry. There's plenty of time always.

Using the above criteria. That's I'm waiting for HHs with divergence AND a 3m pivot flip AND trendline break.

If I came to the screen before 1p. We created a 2nd high with lower PO and the TL broke and the 3m flipped. However, we need a HIGHER High in price paired with a LOWER HIGH in PO.

Interestingly enough if I didn't wait I would've taken puts maybe earned 5 points, only to get stopped and feel like I needed to flip bias. Which is essentially what I did. I got bullish off the failed 3m vommy, which was fine to consider long, but I needed to enter close to the new swing low, closer to the 3m pivot flip and if a TL broke.

My original instinct was correct. Calls because the 3m failed to vommy. THe 3m21e reclaimed with a bullish engulfing, then held for 3 3m candles. My mistake was not entering at the 3m21e. Then worse was getting in after a clear evening star reversal which I noticed in real time but convicned myself to ignore given the 3m8e held. Which is not warranted when there isn't also a strong 10m trend to support that. 3m8e entries only in strong 10m trend! Instead as the 3m21e failed. Then it reclaimed but only for 1 candle. It was immediately lost. And, then the 3m flipped. Wait for price to cross the 3m21e and hold for 3 candles.

Rules. No 3m8e entry unless strong 10m trend. If price crosses up through a green 21e wait 3+ to hold. If prices down through a green 21e, only get long after 3+ hold above the 21e.

Take puts on the 3m21e flip from green to red only if it's off a HH in price and LH in PO with a TL break.

Take calls on the 3m21e flip from red to green only if it's off a LL in price and HL in PO with a TL break.

It's simply. Just have to be patient. Wait for the divergence AND flip for 3+ candle AND TL break. Worst case I miss and take the next trade.

MY MENTALITY HAS TO BE THERE'S NO POSSIBLE WAY TO MISS A TRADE. ONLY TO NOT HAVE THE MENTAL AND FINANCIAL CAPITAL AVAILABLE WHEN THE TRADE SHOWS UP.

That was the big difference. When I trade well it's because I'm confident that even if I miss the trade, there will eventually be another one. Today I was thinking I had to make the trade and I had to make it quickly. Best to miss and just take the next one. There's always another trade.

NO-FOMO bc TsAAT

C@SL P@SH