
pain + reflection = progress..... february is going to be revolved around trading less trading smaller re-engineering better strategy to adapt to this newer market. +1200 on the week. not the end of the world but definitely a step back from what ive been doing in previous weeks and months stepping my risk down to $150 per trade from last years $300-$400 risk trades when i get convincing stats will be stepping back up with size. this is pyramid trading, this tactic is used to protect my account longer term and previous months and years of success. this tactic prevents profit bleeding and keeps you more level headed to adapt in current conditions. challenging myself to grow a $5000 account in this market this is going to force me to be more meticulous more selective and be more aggresive with tracking and data. February will not be about growing my account like previous months have been february will be about developing a more fine tuned selective angle with quality over quantity. i wish everyone a fantastic february, when in doubt getting back to strategy and process and prioritizing these over profits is key.

Thank you for sharing your insights. Protecting your gains while adapting to new trends in the market, developing/fine tuning a strategy and tracking data , sounds like great advice to me.


@Jayray_68 Thanks for sharing your struggles and goals. It's looking like it has been paying off

Thanks for linking this in chat today. We appreciate your input. You are a warrior sir.
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Decided not to trade last Friday because of the string of losses and have decided to take all of next week off and come back strong November 1st. Trading is a lot more than just having a good strategy. The last couple weeks have been user error’s with me specifically. Although I don’t use a lot of Tim’s strategies- the mentality he has is important to listen to. PROTECT your gains. Don’t trade setups that are not As or at least Bs (since I scalp more). Do NOT get greedy. I got used to the 10k days and wanted more and more and more to the point it got uncomfortable and I was risking more / taking on setups I shouldn’t. I got careless this past week with a SPAC play and a sister stock- didn’t look at all of the news and was quick to get in. DO NOT get complacent. Always remember where you came from- when 1k a day was awesome and 3k a day etc and remember the things trading allows you to do. You can make money (a lot of money!) from your home and in just a few hours a day. It’s truly an amazing thing. I am coming back in November with a green light, yellow light, red light mindset. Everyday starts with a green light- go make your minimum profit goals safely, then yellow light goes on where there’s no need to trade the rest of the day unless the setup is an A. Then red light is after 5:00 pm no trading ever and red light when I’m busy with other things and not 100% engaged with trading. I think this is going to help me grow consistently again and safely moving forward!

Attaboy. Thanks for the post. I am inspired by your transparency. Love it.

Been really digging your trade review podcasts with reverselong, you're gonna bounce back from this.

great post thanks

good for you to take a step back. Some of my biggest losses were when I was trading while preoccupied by household problems that required my attention.
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+

Great lesson E


Thanks Ellis, definetly need to put more time in analyzing charts to find the same great setups.
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@kylecw2 thanks man helping a tone with all this

Great perspective! Thanks Kyle!

Hey Kyle, beautiful video with such awesome transparency. I have a question about the March 16 loss that you took. You mentioned you didn't trade again that day to avoid revenge trading. When that happens, are you still watching the market closely, or are you checking out completely? Thanks again!

super helpful video to see someone as skilled as yourself being challenged by the changing market - really appreciate your humble attitude and willingness to share your bad trades - I learned a ton from this video!
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Thanks for the video, that was pretty cool and I've never seen questrade's platform before. This was especially nice because I'm working on morning panic bounce plays except you trade much larger size. Thanks again

thats a sweet looking platform actually, do you pay extra for the level 2? Also does Questtrade have recording, or did you record that in another program? Thanks for the video Sean, I got right into it, I was panicking to sell right along with you 🤣

@KenMcA Yes, you have to pay extra for level 2. There is a built-in program in my laptop which allows screen recording.

@SeanLacap Solid video lesson and very good commentary. Thanks for posting
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Thank you so much for taking the time out to do this video. It was very helpful to a noob like me. Very grateful to be allowed into your thought process during this insane time of the market. Thanks again!


thanks for the feb recap!!

Thank you for another monthly recap. It's great to see how you have progressed over this year that I've been in the challenge.
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