I just wanted to write this as a approach the one month mark in the challenge. Definitely, frustrating so far. I know Sykes goes over and over the long game in this. His top students are seeing success 3,4,5 years in. I'm only a month in.. so I need perspective. As of the writing of this I am down $92 in my first month. I have lost on more trades than I have won. I'm am overwhelmed with where to go, so many setups, so much material. Sometimes it hard to focus. It's like Bohen says, "He who chases many rabbits, catches none." I can relate to that.
I am seeing patterns a little easier, I just need more conviction and also better execution. That will come with time.
My goals for December:
1. Win on more trades than I lose.
2. Focus on 2 reliable patterns that I want to trade instead of all of them...lol
3. Execute my trades better. (I am bad on entering limit orders, bids keep jumping and I keep chasing, should I set stop buy orders?)
4. I would like to be green on the month, but I would like to shoot for a profit of $1k on the month.
My original goal when I first interviewed on the challenge was $300/day starting January 1. I'm nowhere near that consistency. Of course I interviewed back in August 27 and didn't sign up until November 9. Looking back, I could have used those 2 extra months. But not going to look back only forward. I am loving this despite how this post my sound. Just going to focus on improving 1% per day.