Sebastians

2nd week of june 8-13. Overall an ok week, i'm not particularly happy with how I traded, friday being the worst day despite the profits, I've recognized how much being around the 25k number in my account is affecting my trading, I want to grow as much as I can from there, but I find myself taking bad trades because i'm worried about going back under the PDT. Here on out, really focusing on the backside as I primarily short, Really waiting until the names are weak and really fading vs trying to trade reactively out of the open and being chopped around. It's just not worth starting the day in a whole and the mental exhaustion that it brings. I over traded friday as well. somewhere near 20 trades? lot of scalps and was just trading nervously all day. going to really reset this weekend and come back fresh. Now is the time to step on the gas! posted the proof of all the trades from friday since I didn't directly upload from TZ and didn't post under each individually.

ElleDiane
ElleDiane Jun 14, 10:59 AM

Keep pushing on Sebastian!! We'll all get better as we work hard! I've actually been making fewer trades and still not doing so hot. I will be taking a bit of time off in the next two weeks. I hope it helps too.

Sebastians
Sebastians Jun 14, 8:43 PM

@ElleDiane Hey thanks, I'm not giving up ever! from the looks of your chart you're doing phenomenal! you're doing something right since your turn around in october, maybe take that time off to still keep in touch with what's going on while you review all of your good trades to see what you're doing right, just keep doing that! Stay the course

ElleDiane
ElleDiane Jun 16, 5:52 PM

Well, don't be fooled, I've got another couple of heavy bags. I know I will get rid of them this week. It's embarassing how "heavy" they are. Oh well, maybe this time it will kick my ass hard enough to stop holding things too long. I am super glad that I've had a lot more wins than losses, now it's just getting the losses smaller. I will have my computer with me, I think it'll be good for me to watch and not act on anything!! Cheers!

Sebastians
Sebastians Jun 18, 10:42 PM

I know cutting that stuff is hard, I think I remember talking about those at the conference. I would cut them , they would just hold me back mentally. As most good traders say, knowing what to avoid is more than half the battle. i'm just trying to keep out of trouble now. really need to scale a lot of stuff back. constant refining.

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Sebastians

week of may18-22, didn't trade because family was in town. When I came back I was definitley not in my groove and it showed, friday I traded like sh*t, bad entries on trades that weren't there. gonna reset for the long weekend.

ElleDiane
ElleDiane May 22, 11:52 AM

@Sebastians. I think this has been one of the toughest weeks of trading because there's so much going on and it's too crazy. It's been extremely hard to stay disciplined and you are not alone. Thanks for the comment. Happy Memorial Day weekend!!

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Received 65 Karmas
rubenfavela
rubenfavela May 30, 6:36 PM

Thanks, stick to your process, avoid copy cat others people process

Peachtart
Peachtart Jun 06, 5:59 AM

Thanks Jack. Ignore what others are doing, and do what is right for you. Why didn't I think of that !! Simple is best.

Wizetrader1
Wizetrader1 Jun 24, 11:50 PM

Great job Jack going over $500,000 love your info you share

night_knight
night_knight Jun 27, 9:02 AM

watching this in 2020. can't believe you got to half a million just trading OTCs. And OTCs are just so predictable, especially the vwap hold right up til mid day. That's a good pattern to look out for. Takes a lot of patience and mental strength to just stick to plans though. Shall learn.

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Received 42 Karmas
save369
1
save369 Apr 18, 12:37 AM

Reading that was awsome! thank you!

RoyalTradez24
1
RoyalTradez24 May 07, 5:02 PM

Andrew this is GOLD i appreciate you taking time out to share this! Keep killing it brother!

md2263
1
md2263 May 15, 11:45 AM

Andrew- thanks for your karmas! Yes, position size is key. It's all about risk. If you're risk averse, trade modest amounts. Once your trading execution skills are good, then you can ramp up the amounts you bet. It isn't a sure thing so you have to 'self-insure'. Very important. Baby steps, baby percentages and baby sums, at least for me!

Andras2K
1
Andras2K Jul 05, 7:57 AM

Good read! Thanks for the tips and reinforcements!

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Langen

@Langen just became a fully transparent trader today!

ElleDiane
ElleDiane May 11, 6:47 PM

Hi Kristian, I hope that you and your family and healthy and safe. We are doing well here in the Chicago area despite losing our jobs (temporarily) and being bored. I am grateful that we are healthy and don't want for anything. The dental office where I work may be opening up in a couple of weeks. I'll find out when we have a staff meeting this Thursday. But, I just was thinking of you and wanted to wish you well. My trading has been a roller coaster but I'm chugging along on that front too. Wa

ElleDiane
ElleDiane May 11, 6:47 PM

That is supposed to say, "Warm regards, Laura" at the end of the last note.

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