Trades

Date	Profit	Win Rate	PL Score**	Avg. Position Time	Trade Volume	Long	Short	10x Volume Scale Success Criteria
1/22	N/A - Day Off	N/A	N/A	N/A	N/A	N/A	N/A	N/A
1/23	✅ Overall gain	100%	1.0	1.38	3	- NVDA → $0.05/share gain	- TSLA → $0.31/share gain	40%
1/24	❌ Overall loss	67%	0.38	1.75	12	- NVDA → $0.13/share loss - TSLA → $0.15/share gain	N/A	40%
1/25	✅ Overall gain	100%	1.0	1.08	2	- NVDA → $1.22/share gain	N/A	40%
1/26	✅ Overall gain	67%	0.51	1.65	9	- NVDA → $0.17/share gain	- NVDA → $0.81/share gain	40%

** This is taking the average profit per trade relative to the average loss. So a $5K profit and a $5K loss is a 1.0 score. A $5K profit and a $2.5K loss is a 2.0 score and a $2.5K profit and a $5K loss is a 0.5 score.

Weekly Goal

My goal for this week is:

To continue to trade from a position with PL score in mind and having a larger position size than last week

💬

“You’re only as good as you’re willing to be bad…The fact that you’re not going to be good at something or that you’re going to fail at something—that’s OK. Because you’re never going to get good unless you’re willing to be bad.” — Randall Stutman

💬

Competence is often less of a problem than confidence. An underrated aspect of doing anything hard is believing in yourself. Action creates both confidence and momentum. When action seems hard, narrow the gap between where you are and what you focus on. A marathoner who hits a wall running at mile 5 doesn't focus on the end of the race; they focus on getting around the next corner. Then, the next corner. What's the smallest step you can take right now to make progress? — Farnham Street Blog

Junto Pre-Trading Checklist

These are values ONLY accounted for BEFORE the trading session begins.

Date	Exercise	Nutrition	Pre-Market Analysis	Mental Simulations	Meditation
1/22	N/A - Day Off	N/A	N/A	N/A	N/A
1/23	47 min	Waffles Protein Shake	1 min	N/A	N/A
1/24	55 min	PB & J sandwich	1 min	N/A	N/A
1/25	0 min	N/A	30 min	N/A	N/A
1/26	80 min	Cereal Protein Shake	2 min	N/A	N/A

Economic Calendar

N/A

Market Hypotheses

N/A

Sector Hypotheses

N/A

Trade Hypotheses

01/25 | NVDA bullish past $613.66

Reason

So long as NVDA trades higher than yesterday’s close, I believe it will continue its bullish trend. The reason being, that the pre-market hours are trading at ~$11.00/share higher based on the following:

NVDA agrees to invest up to €300M in AI over the next 3 years
AMD is upgraded by UBS to a price target of $220, right before its earnings are announced on 01/30/24

✅ Result

Trade #1 →

Trade Studies

Entering an (over)trade to tip the scale towards profit

On 01/24, I ended the day with an extremely narrow miss on the day’s profit. Overall, I was happy with my trades and patted myself on the back for not overtrading. However, I knew that entering into another trade would be considered overtrading since it would make this my 12th trade of the day. And yet, I decided to enter it without any firm hypothesis, only to be stomped out of my stop loss and end the day with a bigger loss than yesterday’s profit.

In general, I’m disappointed that I showed no restraint here — I think in general I need to not keep my TradingView window open as it is enticing to continue seeing the stock price rise and fall. I also know that I should not exceed 10 trades, so I should have stuck to my guns here. While I am disappointed, I won’t let this get me down, as I’ve shown tremendous progress over the past two months in my skills and self-improvement. Onwards!

Week of 1/22/24