December 16

"Easy" day.

No such thing as easy. But I was calm and decisive.

I believe the simplification of focusing on the 3m21e and knowing how important it is to wait is the main driver. Or, actually, is it being totally okay with 'missing' a trade, if not even TRYING to miss a trade. I am constantly early, and worse oversized.

Today, I was not worried about missing it. I had a thesis and entered 1 contract. Pretty close to support. Chose not to exit at resistance because I was content taking the loss if it didn't pan out.

By being in 1 contract and truly not caring about taking the loss, I was able to tap into my emotions and be aware of them. I realized I was wrong, easily took the loss and flipped bias. Rather than holding out for more, I took profit and moved on.

Mindset:

1. Try to miss the trade

2. Enter 1 contract with a very clear stop loss and defer to that plan

3. Be aware of the emotions not reactive

Maybe it's the wrong plan, but with not caring about a loss because size is appropriate, I get the benefit of watching emotions intensely while not succumbing to them. And, without the scarring of being early, not wanting to exit in case it's right. I can just get back in. Or make it on the next trade.

Try to miss the trades because there's always another one anyway.

I proved how well it works today.

Knowing exactly where I plan to stop out gives me certainty. And makes it easier not to overthink myself while in position with just 1 con - because so what if I lose. I do the 1 con to help hone into my emotions.

Can always get back in. Or take the small loss and move on. NBD.

EOD trades show the benefit of simply exiting early and getting back in or being grateful I exited.

My last trade I enter 10 at $1.1 because I was completely at peace with losing that given it was only a small part of my profit. I took 80% off at +50%. The last 20% I was unable to hold until close despite being no worse off had they gone to zero. They closed at 9.74. Closing 2/3 of the trade at 50% means the remaining 1/3 could go to zero and the trade would break even. If I had let the lost 3 cons close that'd have been a profit of $2900 would zero risk. I've gotten better at accepting the loss ahead of time, but still struggle greatly with accepting the loss of profit. Particularly when it's risk free, I've got to just let the setup play out.

Amazing day. Really honing in on my process that works. High delta. 3m21e. 1 con. Try to miss the trade.