Day Trading Journal

  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

  My Daily Process for Trading SPY and TSLA Options DAY GOALS & RULES Focus on Intraday System Pattern A. Pattern A:  reaction zone cross-overs with confirmations for an RZ reject or bounce. (1) CONTRACT SIZE. BE PATIENT  FOR ENTRIES AND EXITS. If a move is in favor, take partial or all profits to minimize risk. Patience will give me what I seek. BE MINDFUL. RELINQUISH. THE WHEN, WHY, AND HOW OF MY TRADING NEED TO CHANGE. It is a time-and-self game now. EMBRACE CHANGE. EMBRACE UNCERTAINTY. REFLECTION I will continue my CBT formulation this week and exercise mindfulness with my trading.  I added  relinquishment  to my daily goals. This one new aspect is going to be instrumental in my growth.  I am starting to understand that I fear  uncertainty  very profoundly. Even though I perceive and know my decisions, there lies the illusion in my choices. Knowing makes uncertainty low or eliminates it for me. But in reality, uncertainty is in everything all the time. The  impermanence  of eve

  My Daily Process for Trading SPY and TSLA Options DAY GOALS & RULES Focus on Intraday System Pattern A. Pattern A:  reaction zone cross-overs with confirmations for an RZ reject or bounce. (1) CONTRACT SIZE. BE PATIENT  FOR ENTRIES AND EXITS. If a move is in favor, take partial or all profits to minimize risk. Patience will give me what I seek. BE MINDFUL. RELINQUISH. THE WHEN, WHY, AND HOW OF MY TRADING NEED TO CHANGE. It is a time-and-self game now. EMBRACE CHANGE. EMBRACE UNCERTAINTY. REFLECTION I will continue my CBT formulation this week and exercise mindfulness with my trading.  I added  relinquishment  to my daily goals. This one new aspect is going to be instrumental in my growth.  I am starting to understand that I fear uncertainty very profoundly. Even though I perceive and know my decisions, there lies the illusion in my choices. Knowing makes uncertainty low or eliminates it for me. But in reality, uncertainty is in everything all the time. The impermanence of everyt

  My Daily Process for Trading SPY and TSLA Options DAY GOALS & RULES Focus on Intraday System Pattern A. Pattern A:  reaction zone cross-overs with confirmations for an RZ reject or bounce. (1) CONTRACT SIZE. BE PATIENT  FOR ENTRIES AND EXITS. If a move is in favor, take partial or all profits to minimize risk. Patience will give me what I seek. BE MINDFUL. RELINQUISH. THE WHEN, WHY, AND HOW OF MY TRADING NEED TO CHANGE. It is a time-and-self game now. REFLECTION I will continue my CBT formulation this week and exercise mindfulness with my trading.  I added relinquishment to my daily goals. This one new aspect is going to be instrumental in my growth.  PRE-MARKET PLANS Market News We have Core Inflation  Rate data today at 5:30am PST as the high-impact news. SPY For today, I have these levels marked:  Reaction Zones:  413.50sh (green zone)- witnessed the crossover based on the information. Let's see if w hold it and come retest the RZ for a possible bounce and continuation up

  My Daily Process for Trading SPY and TSLA Options DAY GOALS & RULES Focus on Intraday System Pattern A. Pattern A:  reaction zone cross-overs with confirmations for an RZ reject or bounce. (1) CONTRACT SIZE. BE PATIENT  FOR ENTRIES AND EXITS. If a move is in favor, take partial or all profits to minimize risk. Patience will give me what I seek. BE MINDFUL. RELINQUISH. THE WHEN, WHY, AND HOW OF MY TRADING NEED TO CHANGE. It is a time-and-self game now. REFLECTION I will continue my CBT formulation this week and exercise mindfulness with my trading.  I am in awe of how much the self/psychology plays in everything.  I knew the importance of it from the beginning, but learning how intertwined and far-reaching it really is. PRE-MARKET PLANS Market News We have no high-impact news today. SPY For today, I have these levels marked:  Reaction Zones:  413.50sh (yellow zone)- wait for the cross-over. 411.50ish (red zone)- Cross-over occurred. Wait for the retest for the possible rejection.

  My Daily Process for Trading SPY and TSLA Options DAY GOALS & RULES Focus on Intraday System Pattern A. Pattern A: reaction zone crossovers with confirmations for an RZ reject or bounce. (1) CONTRACT SIZE. BE PATIENT FOR ENTRIES AND EXITS. If a move is in favor, take partial or all profits to minimize risk. Patience will give me what I seek. BE MINDFUL. THE WHEN, WHY, AND HOW OF MY TRADING NEED TO CHANGE. It is a time-and-self game now. REFLECTION I will continue my CBT formulation this week and exercise mindfulness with my trading.  PRE-MARKET PLANS Market News We have no high-impact news today. SPY For today, I have these levels marked:  Reaction Zones:  414ish (yellow zone)- wait for the cross-over. 410ish (green zone)- Cross-over occurred. Wait for the retest for the bounce. TSLA For today, I have these levels marked:  Reaction Zones: 175ish (yellow zone)- Wait for the cross-over. 170ish (green zone)-  Cross-over occurred. Wait for the retest for the bounce. 165ish (green z

  My Weekly Review Process OVERVIEW I started the week off with a tough day on Monday , where I tried and executed plans well, but nothing worked out. I had small losses and even smaller gains to show for my efforts. This day ended up being a loss day with some frustration. Tuesday is clearly a day that was not expected and goes to show the power of the market when you are on the right side. But, of course, I was on the other side of it, and this was more of a wake-up call to further start another paradigm shift within my trading.  I had a feeling that this day would be a game changer, but little did I know I would be getting the short end of the stick. I had plans to enter on the rejects but have yet to pull the trigger, and when it was available, the opportunity was just gone. However, I was confident in the bounces and wanted to focus on those. It did not matter what I did. Price action kept breaking support after support. Finally, as my conviction and confidence grew, the market s

  My Daily Process for Trading SPY and TSLA Options DAY GOALS & RULES Focus on Intraday System Pattern A. Pattern A:  reaction zone crossovers with confirmations for an RZ reject or bounce.  (1) CONTRACT SIZE. BE PATIENT FOR ENTRIES AND EXITS. If move in favor, take partial or all profits to minimize risk. Patience will give me what I seek. BE MINDFUL. THE WHEN WHY, AND HOW OF MY TRADING NEED TO CHANGE. it is a time and self game now. REFLECTION Superfluous processes must be eliminated. They will muddy the waters of action.   this goes for both physical and internal/psychological processes. Clarity will enable growth. understanding and listening are the foundations of change. PRE-MARKET PLANS Market News It looks like we have Non-Farm Payrolls and Unemployment Rate at 5:3am PST as the high-impact news today. SPY For today, I have these levels marked:  Reaction Zones:  408.50ish (yellow zone)- wait for the cross-over. 406ish (green zone)- Cross-over occurred. Wait for the retest for

  My Daily Process for Trading SPY and TSLA Options DAY GOALS & RULES Focus on Intraday System Pattern A. Pattern A:  reaction zone crossovers with confirmations for an RZ reject or bounce.  (1) CONTRACT SIZE. BE PATIENT FOR ENTRIES AND EXITS. If move in favor, take partial or all profits to minimize risk. Patience will give me what I seek. BE MINDFUL. THE WHEN WHY, AND HOW OF MY TRADING NEED TO CHANGE. it is a time and self game now. REFLECTION The process and, ultimately, summation of my trading has led me to produce my current results. It is 100% true. Although I have been improving, the improvements do not matter.  It's like if I were to sit down and do homework for school instead of actually working on the assignment. I noticed my pencil was not sharpened, and rather than doing the task, I spent time sharpening my pencil. Then I sit down again and see that the TV is on, so I turn it off to mitigate distraction while doing homework.  The process goes on. Although minor impr

  My Daily Process for Trading SPY and TSLA Options DAY GOALS & RULES Focus on Intraday System Pattern A. Pattern A:  reaction zone crossovers with confirmations for an RZ reject or bounce.  (1-4) CONTRACT SIZE. BE PATIENT FOR ENTRIES AND EXITS. If move in favor, take partial or all profits to minimize risk. Patience will give me what I seek. BE MINDFUL. REFLECTION It is self-evident that the one thing standing in my way is the self. I believe I have sharpened my trading skills to trade any pattern I want, but the one thing that that market will not allow in this current environment is an undeserved success.  I believe that in other market environments, this issue of the self, at least for me, can be completely hidden and a non-issue. It's like you are a fish, and suddenly, you are swimming fine but then realize that the water is gone, the tide has gone out, and you are stuck and left in a finite environment that can be very dangerous for you. On one side, the market is unyield