“It's a fundamental shift in attitude that accounts for their success, not some brilliant realization about the market, as most people erroneously assume. This erroneous assumption is prevalent among traders simply because very few of them really understand, at the deepest levels, just how critical a component attitude is in determining one's success.”

Training Day 20

Kevlar, bullets & batteries checked and ready...
08:23 T-Minus 7...weapons live...head on swivel...eyes peeled...prepared to engage.

Trade #110
08:30 Short on valid setup. Win or lose, it's irrelevant. Record the trade, watch it, and learn...
Entering at the open...again. FOCUS SCRUB!
T1 and T2 are the same.
08:32 Objective achieved. +12 ticks.
Record results, stabilize/regroup, and prepare for the next assault. Focus only on the task at hand.

Trade #111
08:34 Short on valid setup. Win or lose, it's irrelevant. Record the trade, watch it, and learn...
T1 and T2 are the same.
08:35 No Joy. -10 ticks.
Record results, stabilize/regroup, and prepare for the next assault. Focus only on the task at hand.

Trade #112
08:50 Long on valid setup. Win or lose, it's irrelevant. Record the trade, watch it, and learn...
T1 and T2 are the same.
08:51 Objective achieved. +12 ticks.
Record results, stabilize/regroup, and prepare for the next assault. Focus only on the task at hand.

Trade #113
09:05 Long on valid setup. Win or lose, it's irrelevant. Record the trade, watch it, and learn...
T1 and T2 are the same.
09:19 Objective achieved. +12 ticks.
Record results, stabilize/regroup, and prepare for the next assault. Focus only on the task at hand.

Trade #114
09:21 Long on valid setup. Win or lose, it's irrelevant. Record the trade, watch it, and learn...
T1 and T2 are the same.
09:28 Objective achieved. +12 ticks.
Record results, stabilize/regroup, and prepare for the next assault. Focus only on the task at hand.

Trade #115
10:09 Long on valid setup. Win or lose, it's irrelevant. Record the trade, watch it, and learn...
Holy ****! It spent most of the time below water! Do you see the value of discipline! Stick with it!
11:55, 11:56 Objectives achieved. +14 ticks.
Record results, stabilize/regroup, and prepare for the next assault. Focus only on the task at hand.

Trade #116
12:20 Long on valid setup. Win or lose, it's irrelevant. Record the trade, watch it, and learn...
T1 and T2 are the same.
12:28 No Joy. -10 ticks.
Stopped out to the tick before price powered higher.
Record results, stabilize/regroup, and prepare for the next assault. Focus only on the task at hand.

Trade #117
13:31 Long on valid setup. Win or lose, it's irrelevant. Record the trade, watch it, and learn...
T1 and T2 are the same.
14:12 Target hit multiple times but no fill... Stop to b/e.
14:28 Target hit multiple times but no fill...
14:32 Objective achieved. +12 ticks.
Record results.

Cease active engagement... mission complete... stand down...
14:33 No more new orders.

AAR
  • Objective: Follow mission plan with extreme prejudice.
  • Outcome: Second day of my 2-car phase was a winner. One of my trades was stopped out to the tick before powering higher. But I took all of the setups and held them per my plan. Mission was accomplished.
  • Observations: Today was a much better day for my attitude and focus. However, after my stop-out-to-the-tick I found myself starting to look for ways to avoid them. I do intend to look for a way (or ways) to improve my method later, but I need to stay focused on my exercise for now.

I'll be taking the day off tomorrow, so I'll be back to trading on Tuesday.

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