assignment

 Alright, I need to go over the lessons that I learned and need to adhere to and list them. Maybe I'll explain them more than I should. Here we go.

1. Trade on Balance 

    This may be the tricky one because it is difficult to quantify. But generally it means,

 am I trading with fear? is your size to large for what you have to risk?

Am I thinking clearly about the CURRENT TRADE only?

 How emotional am I?

 Am I listening to my judgements and acting on them? Maybe step aside for a moment and observe yourself (myself). Take a short walk and clear your mind.

 Have you taken loss that is affecting your current trade? stop and rethink. 

2. Be able to See Where you made your trades at the end of the day.

    I have specific triggers for most of my trades, Nay, ALL of my trades! Are you waiting to see those triggers that make the trade a go? Every trade has a sequence of events that I like to see. Is it unfolding? If the triggers are not met then the trade is a created trade. Am I creating a trade where there is none? Am I trading on tilt - too much and out of revenge or fear? If I'm creating trades then I'm not doing or the other things then I am likely not doing point #1 and need a break and rethink things. 

    Was there a low macd and RSI or a high macd and RSI?

    Was there a PZO dip or spike?

    Was there a double bottom of RVIandBPb?

    Was there space between or was RVIandBPb heavily overlapping?

    Have you found a correlation yet?

    Was there an ATR spike?

    Were you making the trade off of Multiple time frames?

    Was there a Level near your entry?

    Was there a Reason2sell? Did you flip (because if there is a reason to sell, there is likely a reason to be goin the other direction?

    Was there a slope wave extension or a double up wave?

    Was there Volume supporting your trade?

Hopefully there are multiple of these for all of your trades, otherwise you are making things up (tape scalps are a thing though). 

3. There are probably only 5-6 great trades (Max) that will have met the above variables in your stock.

    Have you traded too Much? Have you written too many shares (traded in massive size too much). Slow down and notice the gold in the corner Good Sir! It's there for you to pick up if you take the time to notice!

4. Set your stops close enough to make it reasonable to try again! 

    There's no use in trading level 1 and putting your stop at level 2 only to have level 2 hit and it look like an even better trade.  YOU NEED TO Keep your Stops Close, especially if you're already all in! If it goes back your way you can try again!(if it still looks right) OR you can wait until it might be an even better trade.  BUT you must have #1 and #2 and not pushing the past #3.  

This is the kind of Being on the right side of the V point - if you got in early, there should be a second chance when things are going your way! If you are wrong your "second chance" will not happen. This means you need to limit your chances and take the best trades that have your edge (#2).

5. Trust your Ideas, but don't rush them.

    Has the market given you a signal? have you had several triggers? do you know where don't think it will go? Do you have a target in mind? maybe where you don't think it will go will be the best entry and your target will still get hit (or your original entry idea point can be your 1st target). You see so many things hit your targets after you have gotten out for a gain or loss. You have put your stops where you don't think it will go just to see it go there and that be the best spot to have made the trade. Sometimes you have even been wise and set a close stop on that original entry idea that you took (probably should have waited) so when that spot you thought was out of reach got hit, you took that trade and scored!

Have you listed out your process for each trade your taking? you know how things "should" act generally speaking. If it is not doing what you want then it might not be the trade you thought it was.  

Do you have a shot clock for this trade that you're making? are you basing it off of the 1min or 5 minute? 1 hour? Not rushing them means not getting in early and not selling your gains too early - IT DOES NOT MEAN SIT WITH A LOSS FOR AGES JUST TO GET OUT AT EVEN.... a small loss is ok to sit with as long as it is within the tight stop range. If you think it's going to go up so you're fading in, THEN WAIT to see how high or low it goes! when it stops then you probably have a trade! and a level to stop off of.