7-Apr-2025 | My Daily Contract with Myself & Lessons for the Day

Trading:

  1. No Zone, No Trade.
  2. SL is clearly defined before entering a trade and once set, it does not move.
  3. Stop Trading for the day if: Loss = $1800 (40% of Loss Limit) or Profit = $2500

Daily Habits:

  1. Daily personal (Kindle) & trading journal (on flowsystems.pro)
  2. Physical exercise - (at least 50 push-ups)
  3. Meditation practice - (at least 15 mins)

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?

  1. For a few trades, even though they were in my area - I did not follow my rules strictly. I pressed buttons just after losing. I have seen this time and again. This does not lead to consistent profits. It is also the #1 reason for blowing my accounts (clicking right after a loss, which most likely came after I had moved my SL a few too many times).

    Look at this cycle.
  2. No physical exercise today.

Lessons Learned:

  1. When price is in the .7475 area and looking for a reversal, don't try to short that reversal. It is a countertrend move just after order flow has changed and that is a sure shot way to get liquidated.
What good is a short here? Look at how price has been acting like a rubber band. All this pent up energy, flow with it, not against it. Don't go against the order flow. Be aware of what is happening, where are the weak highs and weak lows, what is trying to get taken? Where are we in the overall structure using multi-time frame analysis?

What went well?

  1. I said to myself that I won't be trading the NY session and I stuck to it. I did what I said.
  2. Meditated and journaled.

Plan for tomorrow

  1. Record all trades on OBS.