Skip to main content

Weekly Review 3/5/23

One of the goals for this week was for me to maintain a consistent position size. With this, I have had losses, but none big enough to wipe out progress for the week.  Over time this will be additive and keep me progressing with a positive slope on the profit chart. 

The other goal for the week was to focus on my Intraday system pattern (A, B, and C). I really needed to focus on a system approach to the flow of the market by first looking for reaction zones to determine the flow of the market for a possible entry than using key levels for another entry. Other entries will be off of clear reaction zones during the day for further entries if permitted. I adhered to this well, and it was orders of magnitude less stressful than what I was doing before. It makes it much easier to be patient and wait for the setups to form. I am still developing this approach, but it relies heavily on the synergy between a relational pattern of patterns. It is designed to happen intraday with at least 2+ setups per day with SPY or other large-cap stocks (options strategy only). 

Moving on to next week, my main focus will be to sustain this approach and focus on options trading. If Reaction Zones form on big % gainers on individual stocks, I will take a small position to capture some of the moves to the upside as I did on ONCS. This will be my first week posting my process online, so looking forward to how I post and what can be learned to propel myself forward!


Post a Comment

Popular Posts

Weekly Review: 5/8/23 to 5/12/23

  My Weekly Review Process OVERVIEW I started the week with little to show for it on Monday . I played what I was supposed to, but my thresholds were hit, and looking back, I got in too soon and sold too soon. Other than that, I was dead on with the play. It was more of a timing/patience game. Which is hard to work on when I am still trying to gain confidence. Tuesday continued to provide adamant resistance to success. I was 100% ready for opportunities, but the follow-through on my plays left much to be deserved. Nonetheless, I played what I needed to play and left it at that. Frustration was definitely building up here.  On Wednesday , more testing of patience and timing. I still need to improve in achieving profitability, but I am on the right track with my chosen plays. The opportunities were clear, but my mindset and self hindered my success. I see it more clearly than ever. Relinquishment will help correct this, and patience and mindfulness will help stabilize it. The day ended


  Updates on Future Posts MOVING CONTENT TO X (Twitter) I will no longer be that active on my webpage but will shift to my X account.  I have learned and grown from my experience writing blog posts/ recording in my online day trading journal. At this time, I feel a stronger pull to change the medium by which I document and share my progress. Change and growth is an ongoing process.  I look forward to the future. Sincerely, Helixtrader36  Follow @helixtrader36 Tweets by helixtrader36

Day Trader Behavior Cycles: The Foundations of Change

  Reward and Punishment Cycles THE QUESTION What Behaviors Do I Repeat? As I stepped into the realm of trading full-time, I quickly realized how psychology and specific behaviors can positively or negatively affect trader performance. Beginning trading full-time in one of the most hyper-inflated markets and one of the best bull markets in history, I witnessed very volatile and drastic moves. Having been learning about the market on and off for a couple years before full-time immersion, I was approaching the market cautiously. But due to the highly bullish nature of the market, it seemed my cautious approach was nothing more than a hindrance. As I started participating in the market, I slowly fell into a false sense of security. I knew this wouldn't last forever, but the opportunity was too great to not push and be a part of the crowd. People made lots of money regardless of what or when they bought. Those who held and hoped were rewarded handsomely. As the days, weeks, and months w