New year, new broker, new mind set. I've spent the past month semi-retired from trading, reviewing my trades in 2022 and particularly my losses (more so on $LULU anticipated earnings and on $MVST and the HODL that I did). I've been doing nothing but watching video lessons, and just sitting and watching the market on STT. And what I've learned is that I want to be more focused on entering high percentage plays near their support levels, which should both minimize my risk and provide me with a clear support level, and r:r will most definitely be better. I also want to pay more attention to level 2 + 5 minute charts for when to sell, vs. having predefined levels for where to sell; if I want to maximize my wins then this step is crucial. I'll be moving my strategy from partial sales to just selling all at once when the 5 minute chart shows weakness. Another thing is that I'll be drawing down my size and making it more consistent while I learn; I setup a calc for me to quickly identify # of shares needing to be purchased that equals 5% of my defined balance. This should make losses much more consistent in terms of $. My goal for this year is continue to study, committing time every day to a video or chapter of reading, and to work on my discipline to not force trades or otherwise trade something that's not my pattern (like anticipating earnings). I have no financial expectations this year... I want to learn, and to continue to learn, and learn even more, so that I'm prepared for when I finally decide it's time.
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