Monthly results Month: August Trades: 17 Wins: 6 Losses: 11 Monthly Total: +$63.93 Yearly Total: +$196.30 Month feeling: Started good with some nice wins on the board, but then the multi day trades I am tracking and liking dried up and got tough and I feel I took a few sub par trades due to being on the sidelines so long and wanting to get in the reps. What Worked: FGDB only had 2 trades and 1 worked and was the best trade of the month and the SGD worg worked well only 4 trades taken and 3 were winners. What failed. 3DS failed, had 9 in total with only 2 winners and a few of the losers I did cut earlier than plan as they looked weak and I believe in general this pattern like the FGDB is tricky at the moment, but the 3DS has a lot more tough low volume versions, that can hurt you if you get wrong. Best Trade: $DFNS FGDB 26%, had tracked this and rated its chance was B and it certainly was, it had gapped up in pm and I left it alone, but watched, it then came back all the way and went red, but didn’t die off and reclaimed green and held, so on the hold I entered and sold shortly after into 26% spike, happy with the read, entry and even so this did later go to 100+% it did dip hard and I took a nice profit quickly. Worst Trade: $FGI 3DS -16%, this was awful for a few reasons and now has made me setup a new rule, this was similar to my very poor RECT trade that set me back months and I should of learnt from, this was a very low volume 3DS on the open, the volume had not increased enough for open, yet I still decided to enter this on an ORB, but it was so low volume ORB that this was a fomo gamble, with a couple of minutes it red daggered and through blew through my sl and halted and didnt execute it, it should have been a 6% loss by design, but ended up being a 16% due to not being able to sell until it opened, this I hope is another lesson to me that sticks on low volume 3DS with ORB as entry on the ID open. What work have I done this month: Still listening to Podcasts too and from work, approx. 5+ hours were week, at the moment on B the trader, watch every Sykes new vid lesson and attend all the webbys from Jack, Sykes and now scotty and Rocky (As Ellis no longer a mentor) I feel I learnt a lot from his webbys and it started me on the road to looking at multiday setups instead of the shiny one day runners, Thanks Ellis. I also attend every Bohen PMP and because of time some of the DD, I rarely get chance to watch Caleb these days, but do try to watch or Listen to Byrce, I am tracking my 2 main patterns FGDB and 3DS and also trying to learn the SGD as it can come before the 3DS and FGDB but these have been quieter and I am eager learn more and more, also reading more on the dilution aspects of the stocks I’m trading and trying to understand where the danger points are, still read every night before bed, basically my free time is spending time with fam or learning more and I will continue to do so, also made a few new scanners, one is a scanner I have also built into a tracker for so we will see how this gets on the SGD. What have I learnt: I am always best trading on pre thought out tickers with clear trade plans, whenever I jump into a stock or change the plan there and then it ends badly, however if it’s a pre thought plan or a plan that I then think about and change and then execute, it works way better. What do I need to work hard on: To be honest I am always working hard on my patterns and tracking and trying to see patterns within the pattern, so I feel at this very moment I need to keep doing what I am doing and the more trades I enter and even miss, then learn from the more I will learn, so I will continue to do what I am doing, while im improving it and streamlining it. Overall Feeling on the month: Started great, then faded and got tough, no doubt its been a choppy market and considering my strike rate this month was 35% and it still in the green, then this says my winners are a lot better than losers, but it did feel like a scrap to the end. Goal for next month: Continue with what I am trading and learning from and maybe try catch more SGD but not at the expense of 3DS or FGDB, I just simply need more seat time to learn these patterns intricacies.
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