Just a Day Trader

 Starting the year off strong. Did tons of stat work to get a much cleaner picture of what my performance is like. I ran into an issue a couple of days in though, A problem I have had for some time. I have my OG entry trades, then my momentum adds. When I record my stats, I label it as 1 complete trade with averages. I do not separate. I took a loss on my momentum adds, but a win on my OG. When I go to put in MFE and MAE, the numbers arent right. I was not up 500$ at max because I did not have max size on still. I emailed Bella about it, he said to record them as separate adds. My OG and Momentum. Not just 1 Trade. So that means more work and more stats adjustment. And I mean a lot. I thought I had done a lot over the new years weekend, but this mean separating everything up, and then splitting performance results into OG and MOMO.  Also ran into issue of OG specific situations. There are times where I hold OG through pb and add to it if it holds again. That doesnt mean an ent...

 SO Henry decided to come a month early.  Monday  So over ext. 4 names. Unlikely ill get something clean and clear with tight spreads so patience is a must. No bell trades MAR had great look 25 min into day. Theme help and market. Got under vwap tighht with clear trapped buyers, just couldnt go for me though. Cut fast and tiny loser. Great trade with great RR. Ended up reclaiming lower vand held, didnt give me retest though and couldnt find good way back in. Made new LOD but spread also widened. Needed to be exactly what I wanted and just didnt get it. Fine. Tuesday Market a total mess. Going to probably take rest of week for dust to settle. Not much clean and clear, certainly no reason to size on anything. Just a few names on watch. Market trying to pull up it seems. Friday Weak but rebounding pmkt, things a bit overext, well see if I get something.  WYNN got me good, had clear weakness under vwap. But ultimately above levels, market clearly weak but WYNN overall di...

MONDAY  Market looking ugly. Still may just be buy the dip scenarios. We shall see. WMT triggered with rel strength. I ended up way to large size for OG. Charts stopped loading for me so trading kinda blind. Was unaware of how big I was relative to spread moving back and forth so took a big L.  TUESDAY Up and ready to go feeling better. Market had a solid bounce, open headed lower though. Still all longs, hope we can see strength come back in. Market selling off into bell. SPLK 1st trade of day. Got above vwap and held for moment, had flash of momo higher and i was in small. Immidiately lost it and dropped lod.  PDD was a huge miss. I didnt have the confidence to pull the trigger and get in. Market clealrly weak and dumped more at open. FXI was strong clearly bot and PDD showed the same. I could have taken HOD breakout into D level but I skipped it and said ill wait for something better. Mega win missed no pb.  SPLK reset. Reclaimed after hard lod loss. In on same de...

 MONDAY New year starting off fine. Chose good stocks to watch, couldnt quite get an entry I wanted on a few good longs SBUX MGM MPC, trouble pulling trigger but also just not quite giving what I want. AMZN was a super clear short trade. Market had nice pop at open but then collapsed so I waited for a short and got AMZN.  Had trouble at start but its AMZN it needs a bit of time as low vol. Had nice move, took off into it and out rest as it recovered prev LOD and prev D Lo and 9ma. Chose bad option as well so small win.  Solid trade, didnt take off size too fast, kept some to run. Overall from low delta option really didnt move much at all.  TUESDAY Market strong. Busy volatile morning. Not exactly strong. Market sideways breaking down into open. TDOC first trade near bell. Reclaimned vwap and D trigger. Stalled dropped reclaiomed added. But lost it pretty quick. Had no momo on so small loss. QCOM Strong rel stregnth.Dipped under vwap unto D trigger and prev buy spots...

Where to even begin. Lets start with last year. Quick summary what happened in 2020 -Deep research into performance of Winners -Discovering High Probability Trading methods -Discovered A+ Setups -Ping Pong of trading too little, then trading too much. -Recognizing market themes and adapting my trading to them -Year of discovering processes and tweaking systems.  -Life. And that trend continued on this year. More research into best winners. ONLY trading High Probability setups. Reviewing A+ for common themes. Still missing trades and being sized down on the big wins. Paying closer attention to themes, and ignoring others. Improved process and systems even more. Simplification.  I wrote at the end of last year it was almost the same as 2019. Its still a constant process of revision and simplification.  But this year got a bit dramatic. I got real deep into my best winners and A+ setups, creating a hall of fame folder where I now know where I need to be risking more on A+ se...