$396K profit in ONE MONTH Day Trading… full breakdown
Summary
TLDRIn this trading recap video, the speaker details their $396,000 earnings from day trading in October, emphasizing the importance of focusing on 'R multiples' to measure performance relative to risk rather than just profits. They review their trading strategies, discuss their best and worst trades, and share insights on market themes, win-loss ratios, and the significance of having a process-driven approach to trading for consistent improvement.
Takeaways
- 📈 The trader made $396,000 in October through day trading, emphasizing that the absolute profit figure is less important than the risk-adjusted performance measured by R multiples.
- 📊 The focus should be on R multiples, which represent the ratio of profit to risk in a trade, rather than just the profit amount, as it accounts for different account sizes and risk tolerances.
- 🎯 The trader achieved an R multiple of 61 for the month, indicating a strong performance relative to the risk taken, which is a key metric for evaluating trading success.
- 🤔 The trader had a win-to-loss ratio of 2.11, suggesting that for every dollar lost, two dollars were made, but acknowledges that this ratio needs improvement for better consistency.
- 📉 Despite a high win percentage, the trader experienced a significant loss on one day, highlighting the importance of not being biased and being able to adapt to market conditions.
- 📝 The trader's best setups were identified as continuation selloffs, which were particularly effective during the bearish market theme in October.
- 🗓️ The trader was selective with trades, allowing the market to come to them and not rushing into positions, which contributed to the high win percentage.
- 🕒 The trader increased their time horizon, allowing trades to develop beyond the market open and capitalize on opportunities that presented themselves later in the day.
- 📉 The trader's largest loss came from being biased on market direction and not adapting when the market moved against their position, resulting in a loss of nearly $30,000.
- 📝 The importance of having a pre-market game plan and being able to read market cues is stressed, as it helps in executing trades effectively and avoiding potential pitfalls.
- 🔑 The trader advises focusing on the trading process rather than just the P&L, as a disciplined approach to the process will naturally lead to better P&L outcomes over time.
Q & A
What was the speaker's total earnings from day trading in October?
-The speaker made $396,000 from day trading in the month of October.
What is the significance of the 'R multiple' in trading performance according to the speaker?
-The 'R multiple' is significant as it measures the performance in terms of the risk taken. It represents the ratio of the profit made to the amount risked on a trade, which is a more relevant measure of performance regardless of different account sizes and risk tolerances.
What does the speaker emphasize as the only number that matters in terms of performance?
-The speaker emphasizes that the 'R multiple' is the only number that matters in terms of performance, rather than the absolute profit figures.
What was the speaker's R multiple for the month of October?
-The speaker's R multiple for October was 61, meaning they made 61 times what they risked during the month.
What is the speaker's view on the importance of win-to-loss ratio for traders?
-The speaker believes that the win-to-loss ratio is important for traders to understand how much each winning trade makes compared to each losing trade, and it should be a focus for improvement.
What was the speaker's win-to-loss ratio for October?
-The speaker had a win-to-loss ratio of 2.11 for October, indicating that for every $1 lost, they made $2.11 on average.
How did the speaker's win percentage in October compare to their typical performance?
-The speaker's win percentage in October was one of their best of the year, typically ranging between 40-60%, and in October, they were green every day except for one, where they had a significant loss.
What trading strategy did the speaker find particularly successful during October?
-The speaker found the 'continuation selloff' strategy particularly successful during October, capitalizing on the bearish market theme.
What was the speaker's biggest trading loss in October, and what led to it?
-The speaker's biggest trading loss in October was close to $30,000, which occurred because they were biased and did not adapt to the market's strong rally on the 23rd.
What advice does the speaker give for traders to improve their performance?
-The speaker advises traders to focus on their trading process rather than their P&L, to recap trades regularly, and to have a process-driven system that they follow each day.
What does the speaker suggest as the last metric to review in one's trading performance?
-The speaker suggests that P&L should be the last metric to review in one's trading performance, emphasizing the importance of focusing on the process and execution of trades.
Outlines
📈 Month of October Trading Recap
The speaker reflects on their October trading performance, emphasizing the importance of focusing on the R multiple, which measures the risk-to-reward ratio of trades, rather than the absolute profit figures. They discuss the significance of the R multiple in evaluating performance across different account sizes and risk tolerances. The speaker also introduces their overall performance metrics for the month, including a high win percentage and an R multiple of 61, and sets the stage for a detailed breakdown of their trades and strategies.
📉 Trading Performance Analysis and Market Themes
This paragraph delves into the speaker's trading performance, highlighting a bearish market theme in October and their ability to capitalize on this trend. The speaker reviews their win-to-loss ratio, which indicates a need for improvement, and their win percentage, which was one of the best of the year. They also discuss the importance of being selective with trades and allowing them to run beyond the planned R multiple, leading to significant profits on certain days. The speaker acknowledges a single day of significant losses due to market bias and the challenges it presented.
📝 Trade Execution and Setups Review
The speaker provides an in-depth look at their trading setups and execution, focusing on a continuation selloff strategy that was particularly successful. They describe the criteria for this strategy, including market gaps, key level consolidations, and weak imbalances that signal continued selling pressure. The speaker shares specific examples of trades that resulted in substantial profits, emphasizing the importance of market recognition and the ability to adapt to market movements for successful trading.
📉 Overcoming Bias and Market Adaptation
In this paragraph, the speaker discusses the challenges of overcoming personal biases and the importance of adapting to market conditions. They admit to missing out on trades due to preconceived notions about market direction and the difficulty this caused in recognizing opportunities in the opposite direction. The speaker also revisits the need to improve the win-to-loss ratio and the impact it can have on profitability, even with a strong win percentage.
📊 Trading Insights and Process-Driven Approach
The speaker concludes with a focus on the importance of tracking setups, identifying trading strengths and weaknesses, and having a process-driven approach to trading. They share insights on specific trades, including an exhaustion reversal strategy used in response to market overreactions. The speaker advises viewers to shift their mindset from focusing on P&L to focusing on performance metrics like R multiple and win-to-loss ratio. They encourage traders to develop a systematic approach to reviewing and improving their trading process.
Mindmap
Keywords
💡Day Trading
💡R Multiple
💡Win-Loss Ratio
💡Risk Management
💡Trade Setups
💡Market Theme
💡Performance Analysis
💡Execution
💡Bias
💡Continuation Selloff
💡Recap
Highlights
Made $396,000 day trading in October and aims to break down the trades and process.
Emphasizes the irrelevance of the total profit figure and the importance of 'R multiple' as a performance metric.
R multiple is the ratio of profit to risk, providing a standardized measure of trading performance.
October's trading performance was evaluated with a 61R, meaning 61 times the risked amount was made.
Discusses the need to improve the win-to-loss ratio, which was 2.11 for the month.
October had one of the best win percentages of the year, but it's not typical and can vary.
Every trading day in October was profitable, except for one day with a significant loss.
16 trading days with 35 trades, focusing on best setups in a bearish market theme.
Continuation selloff setups were particularly successful during the month.
Reflects on the importance of market reads and capitalizing on market movements.
Shares insights on being selective with trades and allowing them to run beyond planned R multiples.
Mentions the importance of having a process-driven system and focusing on the process rather than P&L.
Provides examples of trades, including entries, exits, and the thought process behind them.
Discusses the impact of bias on trading decisions and the importance of being adaptable.
Shares personal notes on what was done well and areas for improvement in trading.
Advises traders to recap trades regularly, focusing on performance metrics over P&L.
Encourages traders to develop scenarios for each trading day to be prepared for various market outcomes.
Concludes with advice to take trading seriously, recap trades, and focus on process improvement.
Transcripts
$396,000 is what I made day trading in
the month of October and in this video I
want to break down exactly what trades
I've taken what my trade process was
what days I traded what the best setups
were what are things I did great and
what are things I did bad I just want to
walk you through a whole trading month
and just give you guys an insight to my
performance so with that being said
let's dive into it now first and
foremost for all the naysayers that are
new here here is my broker statement and
as you guys can see
$396,000 from October 1st to November
1st just to kind of get that out there
right now with that let's dive into
these trades now one thing I want to be
crystal clear on is that I know I was
talking about this number of
$396,000 and I know when people see this
number this is what they focus on now
what I want you all to understand and
what I want every single person watching
to realize is that this number does not
matter this number is irrelevant the
only number that matters in terms of
performance is this R multiple right so
when I come in here what is the r
multiple of that day what is the r
multiple of that week of that month the
reason that's the only number that
matters is because we are all trading
with different risk size different
account size we have a different
approach to the market just from the
risk side right forget what our approach
is from Traders and so on but from a
risk perspective we are all risking
different percentages uh we all have
different account sizes as mentioned but
what we can look at to analyze
performance is R multiple now what is r
multiple is R multiple is basically if
I'm risking $200 on a trade and let's
just say I make
$600 R multiple is saying my R multiple
on that trade was 3 R meaning I made
three times what I risked on the trade
now some people might see a 600 $100 day
some people might see a $60,000 day now
what they're both contingent on is what
the underlying risk was both of these
people could have risked a different
amount which is why we want to always
focus on the r multiple so if I have a
day or a month where I make $660,000 but
I've essentially risked let's say 30,000
to make that 60 right my R multiple is a
two meaning I made twice my risk amount
if someone has a profitable trade of
5,000 and they risked 1,000 their R
multiple is five okay that's why this is
the number I want every single person to
focus on this is a number when you guys
are evaluating your days your weeks this
is what you should focus on now going
into my trading performance yeah it's
cool 396,000 which is once again what
everyone is going to be focused on but I
want to once again focus on this R point
61r is what I made made on the month so
I made 61 times what I risked if we take
this number out we could maybe look look
to see that hey I probably made $10,000
if I made $10,000 I made 61 times what I
risked whatever that risk amount comes
to maybe I made $30,000 I made 61 times
what I risked in terms of R now going on
to each and every single day if we look
at some days I you know made or lost 3.6
R so I could have been risking or let's
say risking $1,000 here right if I
risked $1,000 here I lost about
$3,600 right if I was risking $1,000 I
lost about $36,000 so if we go into this
day and we take a look right I lost
$29,000 right and obviously the amount I
risked was about $10,000 but I ended up
losing a lot more than what my R was
same thing if I go into one of these
days I have a 2 R I have a three R I
have a seven R I made seven times what I
risked okay so now recapping my month
some of the stats we want to go over
went over these let's go over my win to
loss ratio right that is something that
I know needs Improvement right I had a
2.11 win loss ratio and this is also a
number that I believe every Trader
should be focused on uh just to kind of
understand how much is each winner
making and how much is each loser making
so if my average win to loss is a 2.11
if I'm losing $1,000 per trade I'm
making $2,000 per trade this is pretty
good right OB if we can get this number
higher and we can have a bigger
discrepancy between this number that'll
give us more comfortability uh I did
have a good win percentage now one thing
I do want to focus on is this has been
one of my best win percentages of the
Year I'll typically have a 40 to 60% win
percentage uh sometimes 40% and and I'm
able to be profitable uh this was one
month that obviously trades just came to
me came to me a lot better and not every
month is also like this so I also want
to point that out day win percentage
essentially I was green every day which
is once again not the case I had one
losing day where I lost roughly about
$299,000 in that one particular day okay
now when I'm basically recapping my
months as mentioned these are some of
the stats I'm looking at just in terms
of uh performance how is my performance
what is my R multiple and so on now just
to recap this day this month I had 16
trading days uh 35 trades uh what were
my best setups and go through some of my
setups and my setups guys are always
contingent on the theme of the market so
October as you guys have probably seen
the theme of the market was extremely
bearish right start October off with a
little bit of a sell-off quick bounce
the first week and then a massive
selloff afterwards so because of this
selloff and because I was able to
recognize this selloff I was able to I
was able to capitalize on that movement
right so once again these are some of
the three setups that I have that are
that did really really well so if I go
into to my playbook and let's say I just
look through some of my setups here uh
some setups I have continuation selloff
did really really well on this I'll go
through some of the trades here about
236k most likely just on the year on
that setup uh some days I'm going to
break down for you guys in the bit and
then here are my notes for the month
right so things I did well so every
every month or and every week I like to
go through things I did well things I
did bad so these are some of the things
I did very well this month I was able to
cap capitalized on the market read
pretty well so meaning how the market
was able to sell off I was able to
capitalize on that so if you look at the
p&l aspect as you guys can see pretty
strong start I had a strong start around
11 12th I kind of got a little bit shaky
13th I didn't go in with a lot of risk
so this week of 11 12 13 when we come
here right 11 12 13 I'm kind of confused
on what the market direction is and then
the next week is where I got really
really comfortable or a little bit more
comfortable as you guys can see to take
on trades same thing again 18th 19th uh
missed out on some days uh wasn't sure
if we're going to see a continuation
selloff same thing on the 19th even
though in the 19th I think was a pretty
good day and now where my trading really
picked off right and I'll show you these
days are the 25th 26th and 27th so let
me go to the 25th 26th and 27th are the
days where I was able to make a lot of
my trading p&l for the month right and
the reason for that is because I had one
setup that typically happen all three
days and I'll show you guys that in a
bit and I was able to maximize on that
setup consistently right but just
putting the dollar value aside again and
going to these three days and looking at
the r multiple one day 4 R 8 R 10 R this
day I rised whatever I risked and I made
about 60 Grand where whatever I rised I
made 4.5 times that amount right same
things this day whatever I made whatever
I risked I made about eight times that
risk amount and when we look at this
trade about 64 ,000 about 169% and these
big wins guys didn't start coming in
until the end of the month right prior
to the end of the month my biggest
winning day was about 42k but the these
three days I was able to make about
close to 200 Grand in just three trading
Days by capitalizing on a setup that the
market presented and that's what I was
talking about when I was going through
things I did well I capitalized on the
market read really well right I also
allowed my trades to run and hit beyond
my planned R and that's what happened on
these three days my planed R was
probably a 2 five maybe a three tops
right but I was able to get a eight
maybe a 10 in conjunction with the other
two trades because these trades were
Trend days and I'll talk about that in a
bit I also executed well best winning
percentage month of the year and I was
very selective of my trades I liked how
this month I was very calm I was
selective I was letting the trades come
to me I wasn't rushing them I've also
increased my time Horizon so you'll see
some of the trades that I've taken
aren't on the open there're trades that
are kind of like I'm letting the market
formulate and and the market come to me
and they're happening at 11:00 a.m.
eastern time maybe 12:00 p.m. eastern
time maybe even 1 p.m. where I'm
allowing these trades to generate and
continue the sell off right now things I
need to improve after recapping uh
someone became buy Som days I was able
to read that but I was very biased
before the day started and I was kind of
stuck on oh man I think we're going to
we're going to go lower or we're going
to go higher and because the market
started selling off it became really
hard to read the updates even though I
was able to capitalize on one or two of
the updates right uh this led to my
biggest trading loss of the month so the
biggest trading loss I had which was
close to 30
grand uh it was because I was short on
the 23rd and when we go to the 23rd we
we gap down but we had a strong rally
towards the upside right so I lost or
had the biggest losing day of the month
because I was biased right and then uh
when we go into a few more notes uh
being biased made it difficult for me to
take an additional trade so a lot of
times because I was biased the other
direction of the trade that was there I
wasn't able to capitalize on it my winto
loss ratio needs work 2.11 isn't the
best especially with my R and win
percentage I had a pretty strong win
percentage let's just get that clear
this is not an average win percentage
where I'm right 7 70% 80% of the time
this is not normal just want to be super
clear about that right so because I had
a good win percentage if this win
percentage was to go lower to let's say
50% I would still be profitable but my
p&l would take a drastic hit so this to
me a lot of times I'm trying to be at
the 2.5 to3 right I'm trying to make two
and a half times to three times what my
losers are right that puts me at a more
comfortable state of being wrong more
times and still being profitable and
this means when I do take a loss it's
bigger than it should be my strong win
rate helped me here but a weak win rate
would drastically impact my p&l as
mentioned right so now let's go through
some of the trades and let's go through
some of the setups so here I am on my
playbook section right uh let's go
through some of these setups so one
setup that I that did really well for me
this month is my continuation selloff
right so this is what I want to share
with you guys so these three days where
I was able to really capitalize on the
market especially these two days guys
the market presented the same exact
opportunity and I want to show you guys
that really quick took one trade that
was it okay looking at this trade I'll
show you my entries I'll show you my
exits I'll show you all that stuff in a
bit but let's go into my Daily Journal
right so this is what happened on the
25th and then I want to show you what
happens the next day right so we have
the 25th let's go on the 26th and let's
look at that day too right let's look at
both of these days let's just look at
the charts just to get an idea of my
continuation selloff so this is the
first trade where I was able to make
about $59,000 right now the trade I had
here was a continuation selloff and in
this continuation selloff when I do go
to my playbook these are the following
criterias I am looking for and these are
the criterias that worked back to back
right one what I typically look for is I
look for some sort of strong selling
happening around the open right we get
some strong selling maybe we get a gap
down into a key level so this is the
25th right Wednesday 25th we gap down as
we gap down we push right below
yesterday's range we start consolidating
and right when we consolidate of course
after consolidation sometimes I am
expecting some sort of reversal now if
there is a reversal that is the key area
I'm watching for and I'm watching that
key area to see if this reversal has any
strength behind it is it actually a
strong move are we just going towards a
liquidity area that I'm watching to
maybe just kind of reject off the key
Zone and then do we start selling off
from there so all of these things are
question marks so what do I do so a few
things that I I look at when I am
analyzing my trades uh I am looking at
let me see if I have it here I am right
here I am looking at a footprint chart
to give me confirmation to show me are
they trap buyers are they trap
participants are they aggressive buyers
aggressive sellers who is in control so
I look at this a lot to get a good idea
right but before I even get there I'm
looking at the structure and the
structure here is once we start going up
to to this area we're hitting our key
key zone right once we hit our key zone
I'm seeing a downside structure which
started off today and I'm seeing a weak
imbalance what that means is I'm still
seeing that sellers are in control no
strong buyer has entered the market yet
this leads me to have a continuation
selloff meaning I'm looking for that
continued play Maybe into new low of the
day or maybe even a lower point which is
4200 on that day so when I see that I am
taking on a short position so when we
see my short position on this right when
we go to the
25th right this is what I am essentially
looking at so when I go to the 25th as
you guys can see around 11:05 a.m. is
where I take my short and right when I
take my short at 11:05 a.m. I just rided
towards the low of the day right so in
terms of my risk I'm risking about
$3,500 on this particular day I ended up
making about $60,000 and I ended up
making 4.4 R now a few things I want to
show you about this trade which are
which are pretty cool put about $38,000
once again not typical trades these were
Trend days on Trend days I because I'm
trading options I'm looking for
maximized returns don't happen every day
but let's just say someone risked $1,000
on a 4 r trade or 4.4 R trade you're
looking at a 4500 return once again this
is not happening every day this is
happening on trending days especially
when the market is selling off and for
anyone that's not familiar I am trading
options right second uh a few
interesting things about this trade
entry solid exit I left you know
obviously I left some money on the table
if we do look at it because I sold a
little bit way too early if I held I
would have made more money but my exit
on these continuation sell-offs most of
the time right are happening I am
looking for the low of the day I don't
want to get trapped in a low of the day
where I start getting trapped and we
start seeing a reversal now some things
I could have done better and this is
where recapping is really helpful is I
wish I left some Runners if I left some
Runners I could have possibly made more
but once again making more is a concept
in trading where sometimes I'll hit
profit targets and if I I don't even
want Runners just for the mental sake
where I'm like you know what I've hit my
profit Target I don't want to have the
mental up and down of I could have or
should have made whatever amount it is
and I'll just take my full position off
especially if I have a trade where I'm
making a good percentage or I'm making a
4 r or 5 R I'll take that R and I'll say
you know what this R is big and this
means more to me than giving some of it
up so I'll take that trade now if you
look at the structure of this trade and
you look at the structure of everything
that's happened here we're going to go
to the next trade and I'll show you guys
how a lot of times your setups
especially when you're in tune with the
market and you are recapping you are
going through your trades and so on are
very consistent right so if I go through
the next day right guys look
relatively we had a similar structure
right this is the day
before that I did really really well on
right we gap down right Gap outside of
yesterday's levels retrace into the key
Zone same cell imbalance weakness right
there continue to a new low right we
look at this day same exact thing we gap
down from yesterday's area once again
not a massive Gap but we gap down we gap
down below 4200 keyzone in es 4200 is a
massive massive level we gap down right
below that we open we get the morning
kind of ShakeOut which I didn't trade
and I wish I traded that right we get
the morning ShakeOut right I don't you
know obviously I didn't take the morning
ShakeOut which I wish I did but I was
patient and this is what I was talking
about me being selective this month I
was extremely selective on letting
certain trades play out if I wasn't
selective maybe I could have taken on
more trades who knows if they would have
worked or wouldn't have worked but I was
just letting trade ideas formulate right
so coming to this trade uh same exact
thing we open gap down right from
yesterday's area we start selling off we
establish a bottom around 4170 4175 we
establish a bottom we hang out at the
bottom and we have a quick move into the
opening price of
4200 this is once again where I start
looking for the following right going
into my playbook did we hit the key
level yes we did seeing a downside
structure yes we are is there a weak
imbalance yes there is because of these
things I'm able to go and I'm able to
take on my short position that I want to
take on for this particular day and
seeing seeing so allows me to capitalize
on this particular trading day and when
I go into this trading is action right
guys can see same exact thing we go in
at
1055 we see the rejection hit the
opening area I go short boom take the
low of the day same thing here I didn't
sell I didn't scale out I didn't get the
perfect exit my entry I was happy about
I didn't get the perfect exit it's okay
I got the low of the day at that
particular point and I will live with
that when I say I live with that I'm
talking about a8r trade meaning I risk
$7500 of my Capital on this trade yes I
put 30 thou
$37,000 but in terms of r i risk $7,500
these are trades that I'm really really
happy about right now when we go to
trades that I'm not happy about right I
want to focus on one or two more days
and I'll kind of take it from there
right when we go into another trade that
we've we've even had in
in November and you know when I do my
November recap I'll show you guys but
this is another uh trade exhaustion
reversal right we've been seeing this a
lot especially when we're getting
massive big down dayss or up days so
just to kind of give you guys a theme
right whenever we have a very aggressive
sell-off in the market continuously
there are days where I'm looking for a
squeeze and you know in November we've
had that already if you guys have seen
November's uh market we've gotten a
squeeze like three times right so this
play I've taken in November to and I'll
show you guys in the upcoming weeks too
but this is basically where I'm seeing
an exhaustion squeeze so this happened
in the beginning of the month so just
kind of walking you through some of the
ideas so on the 6th of Friday uh of
October 6th we had NFP we had non-farm
payroll it came out at a key key level
Market dumped right so if we go here we
look at this Market dumps after we have
non-farm payrolls we go to an exhaustion
point and Market tends to hold so I want
to show you guys what I mean by this so
here's a chart just to take a look at
this we have non-farm payroll right we
have econom economic event for anyone
that's not familiar Market gaps down
after selling off from this level this
is the level that market sold off from
we open up and the interesting thing
that happens here are buyers are able to
maintain control the whole day and
because buyers are able to maintain hold
on the open that showcases that this was
an overreaction move and during days
like this especially when we've gapped
down uh we've seen overreacted moves
right we held the area pretty strong
right passive buyers are stepping in and
accumulating these areas over and over
again and we're able to move with
strength these days to me replicate a
squeeze replicate a strong move to to
the upside and that's exactly what we've
seen in November so this is where guys
tracking your setups tracking your days
identifying the days you are trading
well identifying the days you're not
trading well is extremely important and
one thing I I do and I I recommend
everyone to do is before you start your
trading day have scenarios for the day
what are the scenarios maybe the market
overreacting we recover after massive
selloff maybe we get some short covering
so I'm already looking for that recovery
for this day I'm already looking for
that exhaustion that's happening because
hey we sold down over and over again
during this time and I'm just looking
for a reversal if the market gives me
clues that's why tracking these things
paying attention to these things things
are extremely extremely important now
just to leave you guys off with a few
things just going over this once again
guys when you guys are trading and just
leave you with some advice don't look at
pnls don't look at my p&l I I post these
numbers and realistically I hate posting
that I made this dollar amount but I
understand that is what is going to get
you guys to watch this video if I said
hey I made $9,000 this month and let's
say I did you guys don't care right but
if I made $99,000 and I risked only
$1,000 and I had a 9 month that is
phenomenal so I want you guys to switch
your mindset and start thinking in terms
of R start thinking in terms of
performance stop thinking in terms of
p&l right every month when I go through
my p&l my last metric is my p&l there's
months where I have great p&l months and
I've traded terribly and there's months
that when I focus on the process of what
is my winto loss ratio what is my R
multiple what are my best setups am I
executing my best setups you know
effectively am I taking my trades in a
good way am I being selective right do I
have good pre-market game plans do I
have good biases for the day do I have
good reads in the market when I focus on
this this allows my p&l and my results
to be better than saying well I need to
go and make a hundred grand like remove
that so if you are going into November
you are going into December you are
going into the end of the year go and
say let me start recapping my trades on
a weekly basis and looking at areas I'm
doing well areas I'm doing bad in and
what I need to focus on in terms of my
process and not my p&l if you do that
for 6 months and so on you will see that
week after week your trading starts
improving because your p&l is a
byproduct of your performance and your
performance is what you need to focus on
and your performance is not p&l it is
your process that you follow each and
every single day so with that being said
I hope you guys enjoy this recap I hope
you guys start taking your trading more
seriously and you start recapping your
trades and you have a process driven
system with that being said I will see
you guys on the next video thank you
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