![]() ![]() The biggest catalyst to this change was letting the subscription to my intraday scanning service lapse and focus on my pre selected watch list. I’m slowly trying to move from a scalper to a bigger picture trader.If I am wrong (which I still am ~40%+ of the time) I am wrong quick and don’t even think twice about the loss as it only takes 1 good trade to wipe out a few smaller losses. With that I have moved to an all-in/scale-out system to maximize profit on the sell side and reduce risk at the same time. ![]() I noticed that scaling into the trades lowered my % win rate because I was front running my buy “signal” trying to catch the bottom of a pattern vs waiting for volume confirmation at the breakout point and hitting it with size and confidence.If there are setups/trades I can get ~60%+ win rate with at least a 2:1 risk reward why am I not going full force when these set up? These may only come 2-4 times a week at best so not only do these trades need to be with big size they need to get bigger as my account grows.So what are a few things I picked up/adjusted from my review? People often ask what I use to journal/ track with and I use Edgewonk (allows you to get very complex in your tracking but Excel can work just as well), Microsoft OneNote (multiplatform note taker that I use on my trading computer, laptop and cell phone to take notes on the day and random thoughts while out of office) and a folder that I put screen shots of on so I can go back and reference almost like flash cards.It really only took an hour or so to get the slap in the face and see that I was veering from what works for me. The beauty of journaling was that I could see the frustration from my daily logs and even my recaps posted to the blog so instead of just waiting for something to click I took a few days away from the screens and compared my recent trading to my best periods. ![]() For some reason coming into Q2 I wanted to look like a rock star so I started front running my own “signals” and taking sub par trades and quickly saw my win rate drop to ~40%. I noticed that towards the end of the tracking I was averaging ~70% win rate on a few setups and decided I was going to solely focus on those trades. After tracking 500+ trades I was able to get a large enough sample size to collect some actionable data points to see where my strengths and weaknesses were. Things aren’t always going to be cupcakes and puppy dogs, but there’s nothing better than the feeling of busting your ass and getting out of a rut only to break some personal records. I wish I smoked all of Q2 like I did the last few weeks but I’m extremely happy with how everything turned out and most proud of the fact I was able to quickly notice I was getting off track and took the right steps to get back on. ![]()
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