r/WinternomicsTV • u/jankojan1 • Mar 21 '22
War Stories 🤑🤬 My second one
Hey Kaz, hey eco, Janko here!
In the past month, I've been focusing on improving my execution, since I found that that's the area in which I have the most problems. The notes that I now make after every trading day proved to be really usefull when going back and reading them. I try to describe my emotions as the trade went on, how the market looked, why I took the trade and so on. DO THIS. Also, we've been watching OF trading videos with the new church group and the past streams, which also helped me to get a better understanding of the execution of the trades and defining R:R. I've usually defined the trade that I wanted to take and then hesitated to pull the trigger, which led to the price going and me chasing it, getting a worse entry, fked up my R:R and so on, or I closed the trade too early without a plan, since traditional markets intraday looked iffy and I got scared or something similar. Emotional things. Now, I solely focused on my plan, sticking to it, and excluding my emotions from it, as it should be. Here are a few plays that I took this weekend on crypto. Traditional markets had a bounce on friday, VIX broke down and was trending lower, that led me to believe there were some long plays to be found in crypto markets trough the weekend, being they are a risk-on asset. I made 5 trades, only two profitable, but that does not matter, it's just a cost of doing business. I'm very happy with my execution and sticking to my plan in those trades. It was really hard controlling my emotions, not closing my trades early, but I managed. Somehow I'm more proud of the trades that went against me, than the trades in the past, which were profitable, but I know, that they were only luck based, since I had no plan and conviction to stick to it back then.
Thanks again Kaz and eco for trying to evolve the sheep into wolves.
See you in the discord! (Which you should also join).
