Book "Secrets of emotions" and "Trading in the zone"

If I’ve had a good day trading, it’s because I did follow my rules.

as we all know, the only way to be successful in trading is to take 100% responsibility and act in our own best interest.
Besides, most people do not think about missing those big moves in a realistic way. When you’ve missed an opportunity, you have a tendency to think about it unrealistically. You see the bottom and the top of the big move and think to yourself that you would have been able to capture the entire move. I think we all know that isn’t likely to happen. But our mind plays tricks on us and says we shouldn’t have missed out.

Trading in the zone.
Eliminating emotional risk. Think from the market perspective.
5 fundamental truth about market
1. Anything can happen
2. You don't need to know what happens next in order to make money.
3. There is a random distribution between win and losses that will define an edge
4. An edge is nothing more than an indication of the highier probability of 1 thing happen over another.
5. Every moment in the market is unique.

Combine this 5 factors to create a new mind of trading.

Comments

Aug-1 Trades

AUGUST 2017 $SKLN pm plan, waited for open with risk of hod, start short around 2.02 area. after 10 min went dont under vwap, cover half rest will cover into low .70 also looking to add into a vwap rejection still keeping hod risk or even 2.10 area. $MBRX nice open squeeze short front side, looking for a short into 3.40 area only. Update: I did start short 3.32 area with 10 cents risk, minutes later start to drop and close 3.09. I did cover some at 3.32 thinking this can run up back hod.

Done it to early wrong 10.3.17

ECYT had plan this to ss at open volume around 5.80 where I did not. Old bad habits. Start to early of course got squeeze and got out loss. After 10.30am the volume b/o over 5.73. At that point said my self this is not a ss day for me. Better stay out. As seen Dante blog about % at 10.30am. This was over 75% meaning not a good idea to short. MTBC I only blame myself how i trade this. Plan was to ss into vwap rejection witch did twice but greed made me hold cause I want it under $4. I did add into pop volume 4.30 area had good avg. Cover my position cause had leave the computer for work. Looking at chart now makes me feel frustrated of how i trade it.

January 2018 month of notes, trade ideas, changes

Michail Shadkin Rules 1) Never average down on a long 2) Can add on shorts up until ~10am (not for beginners) 3) If stock is still above VWAP and in the top 25% of intraday range around 10:30ish - get ready to get out if short. If not short, consider going long. 4) If stock is under 50% intraday range at 10:30ish, don't ever go long. 5) If stock is trading in the lower 25% of intraday range after 10:30 and you chase short, set mental stop at 50% intraday range, and get out if it crosses over this point with good volume. Consider going long. 6) RESPECT YOUR STOPS! 1.2.18 WATT and KOSS last year movers. KOSS- push into 2.80 and rejection will be nice for a shorts or drop at open and resistance 2.30 BURG - needs to form a trend TEUM - 2.30 1.4.17 TEUM - over 3.40 CNET - over 3.10 suppport 1.5.18 CNiT - CNET - HTGM - TEUM - 3.10-3.25 1.8.18 DELT - 1.82 support MYZS - 2.30 support 1.10.2018 - wait that 15 min HMNY - needs correction, 9.50 to make a...

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