8-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. I moved some SLs and DCA'ed and it could have gone bad.
  2. Did only 20 push-ups.
  3. Did not record the trades on OBS.

Lessons Learned:

  1. Wait for the better zone. The trade moves much faster in the intended direction when the zone is optimal.
  2. The GB model works.
  3. Don't rely too much on coffee. You have been through these cycles followed by a detox and subsequent re-realisations several times.
  4. Trade in the office only if: a) there is time to manage the trade or b) you are comfortable with a limit order TP and SL.

What went well?

  1. Stopped trading (before NY session) because I had reached my daily profit target.
  2. Did my main kriya in the morning.

Plan for tomorrow

  1. Record the trades on OBS.