17-Apr-2025 | My Daily Contract with Myself & Lessons for the Day
Pre-Trading Rituals:
- Quiet time - 10 mins.
- Start OBS and livestream.
Trading Rules:
- No zone. No trade.
- SL is clearly defined (i.e., when the trade is invalid) before entering a trade.
- Stop Trading for the day if: Loss = $1800 (40% of Loss Limit) or Profit = $4500
Daily Habits:
- Daily personal (Kindle) & trading journal (on flowsystems.pro)
- Physical exercise - (at least 50 push-ups)
- Meditation practice - Daily SKY
End of the Day:
Was this a GREEN DAY or a RED DAY?
The $ does not make it RED or GREEN. Breaking the contract or respecting the contract makes it RED or GREEN.
What did I not follow today?
- Junk food
- I made some hasty trades and over leveraged - came out green - building unsustainable habits.
Lessons Learned:
- Don't do limit sell orders. Do limit orders on .705 (SL is .79) and .745 (SL is 15 pts) and .618 (SL is 15 pts)
- Do limit orders on the .41. Play the GB model.
What went well?
- Learning about patience. SKY is regular and appears to me is the only thing that is saving me. For I am not doing this, this is my contract. I have also pledged 30% of all trading income to AOL causes, for me (not them, they don't need me).
Plan for tomorrow
- Work on a proper flowsystems.pro strategy on naming, branding, content creation. A strategy that is contrarian, against the YT algo and very direct.