What a month!
I moved from Squamish to Kelowna, found a job installing smart home devices, did some sand bagging in Osyooso, lifted some weights, traded some stocks, went golfing and drank some fine wine.
I started a 5×5 routine back at the end of March, progress has been slow and steadying, at the end of the month here I hit my 5 set max on squats and bench and I tweaked my neck shoulder pressing
In May my lifts progressed as followed (5 sets of 5 reps):
Squats 215 to 250 and now at 230
Bench Press 145 to 160 and now at 145
Deadlift 245 then down to 225 and now at 250
Rows 120 and now 150
Shoulder press 95 to 120
I started using a belt on squats and deadlifts at the end of the month and it’s noticeably better. It gives my abs something to push against.
Financially I was down this month, moving expenses and no job was hard on my budget but I’ll bounce back.
This month I got back into trading, I’ve got Questrade setup and it’s such a friggen awesome platform. IQ Edge is kicking ass and their commission structure has significantly reduced the amount of commissions I’ve paid compared to when I was at Q Trade.
This month I made 35 trades and had 11 wins for a 31.43% win rate,
My average win was 5.42% and my biggest win was 17.86%
My average loss was 5.80% and my biggest loss was 22.73%
I was chasing and over trading at the start of the month and living in the Tim Alerts Chat Room. There is a bunch of dog shit gamblers in their with losing records. Following losers can only lead to….
About half way through the month something started to click. Mainly I found 2 guys on Twitter who actually had something decent to say. Mainly:
“do not follow me, do not following gurus and furus, learn the game, learn the process, learn the setups you like, put yourself in positions to win and play a tight game.
The two articles that have helped me change my mind sets are these two:
Things that have changed and seem to be working for me:
-averaging into positions, my first entry is usually high (on longs) because of fomo, add in as long as it’s still have my predefined support level has helped me with winners
-selling into chunks, instead of out all at once I am paying myself into spikes. Sometimes I am missing and selling on the backside of spikes or lossing but I’ll get better at this over time.
-ABCD mid day on low floaters, so many short sellers are getting squeezed on low float morning spikes.
I’ve also changed my mindset from wanting to make $1,000,000 in 3 years to wanting to make $10,000,000 in 10 years. For some reason I’ve been thinking I can get lucky and made a million on a few lucky trades but when I think about making 10 mill over 10 years my mind has shifted to being process oriented and learning how to consistently make winnings trades over the years.
I’de love to have a winning month in June but I’m more interested in learning and fine tuning my plays.
Lately, I’ve been dreaming about charts and trades lol.
By tracking my trades and screen shooting charts I’ve been getting better with my entries and exits and pattern recgonition.
Also, making my own watchlist and plans for the next day every night is working.
More days than not, at least one plan on my list is working out as well as I would like but I am not always capitalizing on them. Over time I’ll learn to trust these plans.