January 20

Grading Trades

1. B+ - starter, scaled, just didn't exit enough soon enough

2. C - no starter, scaled too large, but conviction allowed me to hold and no candle closed below support

   1. SM was also in the trade early and didn't exit because probabilities were in favor and PA had not dictated a fail of the thesis.

3. A- - Full loss acceptance, just missed my entry but still able to enter and exit

4. B- - starter, scale, full loss acceptance

   1. averaged down only with profit was truly willing to lose and also because the actual setup properly emerged - 1m divergence

+9.06%

I was never in angst. Even when I was in a large drawdown on the 2nd trade I was comfortable with the loss I was potentially exposing myself to. Not comfortable, but aware, and okay with it given there's many more trades to be had. It was just 1 trade.

Incredible job of walking away after the massive 2nd trade and not opening charts again until after 3p for an EOD profit only trade.

I 'missed' plenty of trades while staying logged out - arguably the better of the trades - however, I already took points and there's no need to press. I preserved my mental capital to make more efficient trades EOD.

Reading the 'contract' was helpful. Focusing on N = 10000+. Having a proper thesis that allowed the calm through drawdown.

Solid day.

I've stopped recording the trade by trade performance, instead focusing on the movement of the actual portfolio. Who cares if some trades were 10% or 100% all that matters is 1. risk management and 2. the portfolio growing, period.

Much easier for me to focus on simply gaining when I'm not aggressively spending time and recording the outcome of each trade.

I technically know the outcome of every trade -- small loss, small win, big win.

Risk management negates the big loss.

The only uncertainty in the past has been when and how big the big losses are.

I've always said that if I just removed those 'dumb' days then omg. Well, now I'll just actually remove the dumb days.

I won't focus on each individual trade outcome. I won't record it manually in my painstaking process. That has been the one constant in 3 years of trading. Is keeping manually keeping an excel of each trade. But, it hasn't actually delivered much benefit.

I can always look at my performance via monthly reporting or pay for a trade analyzer. But, all that really matters is again 1. risk management and 2. portfolio growth over time.

Simplify.