Execution and Discipline Stats - Post Florida Trip w/ Kunal
The trip to Florida to visit and trade with @Kunal Desai really opened my eyes to a lot of the smaller details in trading. I was always so focused on PNL to the point where if I wasn't making huge trades I didn't feel like I was progressing. I feel like the biggest thing I learned from my time with him was trading is all about Risk Management and Discipline. He is always saying that trading is 90% preparation/study time and 10% execution. Still have plenty of room to grow but I feel like it is starting to come together and can feel legitimate growth happening. I have been going in pretty deep with ChatGPT this month, building scoring metrics in key areas that will help me become a consistent profitable trader. I started a challenge for myself on February 6th and have seen and felt tremendous growth since beginning. The picture attached is my scorecard and primary focus of the grading scale for each area of emphasis. Routine for logging and tracking data: 1) Trade the Open - 930 to 11 2) After each trade - I journal my emotional status during the trade 3) If time limit or PT is hit, I drop my order history into ChatGPT 4) Provide summary of my journal (emotions, triggers, reactions, revenge, etc.) into ChatGPT 5) Close my laptop - Mission complete for the day It has really helped my mindset...even in small things like which range of stock price I trade the best, I always thought I traded small / mid-caps the best, but my stats are actually much more favorable on larger caps. Data like that led me to adjust my watchlist and my winning percentage has continued to increase while risk is being reduced significantly.