Day trading in 2022 | Year in review
what is up everybody it is that time of the year where we do a year in review will fat cat be disappointed with his trading or will he be stoked spoiler it's a little bit of both but now is the time to do this review and these bells look like uh well these bells look like uh let you use your imagination and we'll put them on the side and i'll have fun with those later but anyways it's the end of the year it's the end of the [ __ ] year man so how did it go what am i plan on doing i wrote a i spent hours writing this [ __ ] dialogue out because to me the end of the year is the most important thing because if you look back and you don't see any growth in your trading you should [ __ ] quit you should quit but if you've seen substantial growth you should keep doing it even if you're not making any goddamn money or if you just scraped by and barely paid your [ __ ] bills like this [ __ ] guy so there you go full disclosure that's how this year went but i totally think you should check out my 2020 urine review i watched it the other day to see where i've come to see if i [ __ ] my goals um i had three major goals that year and i met two of the three and that's where i'm disappointed but you know what i i think this is really important hopefully this inspires you i have a wicked cough coming on smart water because i'm a [ __ ] dumbass and i really could use anything that has smart in it totally not sponsoring the video but they should uh anyways i think it's important you do a full year in review and make goals for the next [ __ ] year a lot of traders i've talked to don't want to do that they don't do that [ __ ] they think it's too complex when they hear what i'm about to go over because you're in for a long one you can probably already tell so you know what this i dubbed this next year 2022 the year of being a [ __ ] professional so i don't know how i'm gonna kick this [ __ ] off i this is kind of uh how i did it last year got a bunch of [ __ ] written down over here hopefully i don't screw it up all right identity crisis let's so i just want to let you know none of this [ __ ] is in order i'm going to re-account stuff from this prior year um but i'm also going to be talking about my goals and what i need to achieve this year so it's going to be all mix-matched i'll be reading off of a list and then i'll probably throw in some [ __ ] comments here and there but anyways uh this should be great anyways let's let's talk about this identity crisis i've experienced see the funny thing is when i looked at last year's urine review i thought i found my trading identity and i i mentioned i you know auction market theory was my thing and i mentioned how auction market theory is my trading identity uh that still holds true auction market theory is the backbone of it all so that hasn't wavered at all i've expanded on it i've gotten better at it um but i've struggled an identity crisis so let me go ahead and read what that is because that this identity crisis really was [ __ ] with me this year uh to the point um it definitely caused like turbulent trading so here we go looking back on it all one thing that sticks out my trading identity or lack thereof i'm not sure if i'm a better scalper or intraday swing trader this identity crisis has haunted me for two years now and at this point i realize a lack of stat tracking contributes to it i wanted for so long to become a better hold'em trader i can say without a doubt this was the year of the biggest trades oh yeah you know what else is pretty big these bills uh so right so this was the year of the biggest trades baby oh the records i've exceeded as far as that [ __ ] goes i could say without a doubt this was the year of the biggest trades more so when trading in season so i got bent over really bad this summer so i just want to put that out there that's a whole nother [ __ ] video uh it was pretty bad to the point i thought i was really contemplating quitting for like a month [ __ ] straight um but i didn't i'm glad i didn't i also gotta say within the last two months my training has really turned around substantially and honestly if i can continue to trade the way i am now uh i think this year will be really pretty [ __ ] fantastic and and this has this has nothing to do with money i want you to think about this because some of you guys are making this goal with monetary gains don't [ __ ] do that [ __ ] all right i know somebody's disagreeing with me right now the [ __ ] man your your goals and all that [ __ ] should be trading skill development develop your skills so let me continue reading before i go off on another tangent and wave bells in your face which is totally uncalled for so i could say without a doubt this year this was the year of the biggest trades oh yeah more so when trading in season so in season not the summer time when the volume is good that's what i'm referring to i've learned to become more confident with those longer holds baby i'm getting real confident with those longer holds so god dang it i'm going to get demonetized for this son of a [ __ ] we're going we've gone too far even though i could probably just edit that out don't tell on me all right you listen you got to be 18 or older to open a trading account if you're under age you shouldn't be watching the [ __ ] you need to go to bed um i've learned this i've learned to become more confident with those longer holds i've learned that and it's funny because i wrote this from the heart i've learned that it's a skill set to develop the ability to be able to hold trades longer i realize the importance of market clarity and multiple time frame analysis so let me re-read that [ __ ] i've learned to become more confident with those longer holds i've learned that it's a skill set to develop the ability to be able to hold trades longer i realize the importance of market clarity and multiple time frame analysis those four sentences or whatever that [ __ ] was that's huge man market clarity helps with holding trades and market clarity helps with confidence i i've so bad don't want to be a scalper nothing wrong with it or by any means but i like tossing them [ __ ] hail mary's i like throwing those [ __ ] badass trades those montage trades uh that you know i make a youtube video and i'm like look at my sweet trade um i like i like doing that [ __ ] there's a lot of satisfaction to hitting them obviously they pay better than scalps but that's not part of the reason it's just like it's a challenge i enjoy that challenge and i've so bad want to just get better at it ever since i discovered vernon on twitter if you guys guys don't know who vernon is you should definitely check out his blog i'll put a link somewhere if i can remember um but he's so good at holding trades and it inspired me and i knew about him probably back in 2019 so i've so bad one wanted to do that just a better scalper and i really hurt myself by trying to hold traits and get better at it i really did and i've learned that it's a skill development taking bigger trades is a whole other set of skills compared to just scalping don't get me wrong i really and i tell traders this all the time i think scalping is an invaluable skill set to have to really help you go into holder or holder trades [ __ ] longer term holds i really do let me continue oh yeah so the importance of multi-time frame analysis i've been doing more of that multi-time frame analysis is pretty awesome it definitely helps with finding larger setups the and this was the first for this year this year i experienced what it was like to truly hold trades earlier in the year so earlier in the year i s i started i i was it can't talk clearly i need more smart water ah yeah oh yeah earlier in the year around february or so um i started to experiment with holding trades longer term and it [ __ ] opened up my eyes because i started to get really good at it and then the summertime came around and then i started getting [ __ ] uh royally this entire year i've really got to experience it and i mean if you watch a lot of my older videos and then you watch how they progress throughout especially this last year you're going to see a lot bigger [ __ ] trades and that was just the biggest thing the biggest takeaway of the year i would say anyways this year i experienced what it was like to truly hold trades earlier in the year it opened my eyes to something i've wanted to achieve all through 2020. i would say working on that skill set has made me better so looking back on it i see how holds have improved my performance however the onset of had i scalped i'd be doing just fine creeps into my mind so this is a famous quote i had when i had a private trading room which is no longer active um learned a lot about trading rooms too but i'm not going to get into that [ __ ] a lot of i'd had traders ask me how are you doing fat cat and then i think i quoted this in my 2020 trade review i would always tell them you know i kept trying to hold [ __ ] trades like i kept and and i just realized that if i would have just scalped the position instead of letting them come back on me and all this [ __ ] i would have been doing just fine that right there is kind of gives me this identity crisis but i cannot ignore the fact that my performance has increased when i hold longer trades let's continue reading this there's days where i can't get cores a run and scalping the full clips most of the time in my opinion lead to better overall p l but opinions mean nothing without proper stats so there's a lot of times where i'm getting into a trade and i'm scalping out you know the first couple lots or whatever and then the rest just continuously come into me on breakeven i'm not sure if scalping will just yield a better p l or if i continue to do what i normally do as of now would yield better p l problem is i don't have proper [ __ ] stats on it that's a big thing i need to talk about and we're gonna get into stats so anyways let's continue the problem is i've not split tested these two styles not sure how it even begin doing that i think sticking to my big pitches and refining that skill is very important seeing how stepping out of the realm of raw scalping has improved my overall performance my pitches can and need to be tighter there needs to be more clarity around that stuff so i'll start off the new year with meticulous stat tracking for larger pitches from there i can look into those stats further to see if and when i need a scalp and probably all this is going right over your [ __ ] head so basically i'm going to continue doing what i'm doing really well as of now i am [ __ ] slacking on the stat tracking and that's where we go into the next deal and it this this picks up from this point forward stat track all right stat tracking is huge man um so i'm going to continue to do what i'm doing i'm going to look at mfe on uh a lot of these trades where the cores come back to see if like scalping overall would just lead to better performance but i i can't give up and stop doing what i'm doing well so i'm going to continue to do what i'm supposed to but stat track so let's talk about stats here and um again i'm going to read this stat track all right so you probably notice there's a gold star next to it so this gold star means it needs to become uh something i need to continuously do i've been sloppy as [ __ ] about it all right and i'm we're gonna get into some of the [ __ ] i did really sloppy over this last year and i'm really not proud of it so stat track i've done this on and off throughout the year and being a consistent strat tracker has really helped me figure out very specific issues sooner which then allows me to figure out specific solutions to remedy the problem quicker or if the issue is a lack of a specific trading skill i'm able to direct more focus in that direction since focus is finite resource you only have so much of this [ __ ] it must be used in the most efficient way possible so let me just shorten that [ __ ] and look you in the [ __ ] eyes alright when i stat track i'm able to figure out what the issue is a lot sooner and i'm able to remedy it or work on it a lot quicker and if it's a lack of a trading skill i can then turn it into a weekly goal i have a lot of [ __ ] to talk about with goals um i can turn it into a weekly goal and then i can put my focus on it like intense focus so that way i'm aware of what it is that i need to get better at and work really hard on that let me continue the real big [ __ ] you or issue is not staying up the par with this because if you have a super good month or a terrible month i have no [ __ ] clue why uh other than what i think i may have had what the [ __ ] i can't right okay so basically what i'm saying is the big [ __ ] you is if i have a super good month and i didn't stat track that [ __ ] i have no idea what i can do to make it better or what i can stop doing not doing something that's hurting you really impacts your [ __ ] p l right uh not being impulsive not being as impulsive helps your p f so when i have a really good month and unfortunately i didn't stat track these solid months where i took these fantastic [ __ ] trades i have no [ __ ] clue and what i mention is uh my memory is not ironclad it's not to be trusted like my memory [ __ ] sucks all right i can put down my car keys and then they disappeared and i don't i don't know where they went i don't even know where those [ __ ] bells went that i had in my [ __ ] hands because i really would like to jingle them right the [ __ ] now oh there they are so so anyways i say had i stayed on top of this this year would have been stellar for skill development damn you fat cat i'm very upset because i was very consistent with the stat tracking then i [ __ ] stopped and then i got consistent and then i stopped doing it and that really bothers me and here's the thing i hate not knowing the specifics of my trading and quite frankly i need to continue to amplify the hatred toward not doing it so you can use hate to fuel something i hate not stat tracking it makes me feel dirty as at the end of the [ __ ] day or week or whatever and it bothers me so i need to fuel that hatred yes let the hate flow through you there's a terrible star wars thing i tried to do there one of my setups that has a statistical edge was discovered because of the process of stat tracking i take pride in this so i want to talk about this i don't think i mentioned it in here i had a setup where i found out it had statistical edge it [ __ ] worked month after month after [ __ ] month okay like it made money during the summer time i traded it i lost on it five times in a row it was upsetting but uh i was confident in it and i continued to trade it and at the end of that summer month it made me money what i realized was through my stat tracking is the trade doesn't work good in super low volume so i have to now do it when the volatility and volume are at a specific area or higher and that's when i've noticed it works really well i can't remember this [ __ ] neither can you uh so don't be [ __ ] stubborn and think you know better okay just because your memory might be a little bit better than mine because you drink more smart water than me doesn't mean you can remember [ __ ] all right so what i say is uh from this point forward i must keep my stats the same and only okay so this is what i'm telling myself i need to do from this point forward so these are kind of like notes in the sense of this is what you need to be doing so from this point forward i must keep my stats the same and only after a month can i modify the new parameters i need to be rigid in this process and not hindsight my review process stats will be reviewed on a weekly basis and weekly goals will be hyper focused on shaving off the garbage or if i do something well can it be shifted into amplifying that at this point i know i have a lot of shaving to do there's a lot of garbage in my trading this will allow me to sculpt myself into the best version of myself basically when you do stat track you don't want to be changing the stats so what is stat tracking basically if you're using some sort of journaling software like journal ticks or trader view you can use tags or hashtags and what i do is i'll go through and here's an example am i doing a breakout trade or am i doing a pullback trade and i might notice that statistically my pullback trades are working better than breakout trades am i trading high medium or low volatility i'll tag every trade with that stat um i might also do uh is this a breakout or is this a mean reverting trade in the sense that are we coming out of a profile or going back in it and then i may also tag my trade with how many tries and it's super fast i got all these hashtags on an x-key deck once i get 5000 subs i'll do a subscriber special and i'll show you all my [ __ ] so subscribe if you haven't but anyways uh i cannot be changing uh my stats you you want to do it for a month because if you're constantly [ __ ] with it you're really skewing your results and you don't really look at your stats until the end of the week and you want to keep doing what you're supposed to but if you can modify something maybe if i notice i keep chasing trades let's stop doing that for the next week and really focus on it and hopefully we get better at it and then our stats should reflect that but at the end of the month what you do is um you can further dive specific stats or i can take some other stats off and uh my tag sets can start to be modified and changed at the end of a month but it's really you need a good sample size and this is a way to find setups with edge is by doing this type of [ __ ] you need to be very consistent in the way you're trading not consistently profitable but your approach needs to be consistent you're trading the setup and the system the way you're supposed to not necessarily mechanical right you got to be fluid in some ways but you want to try to keep everything as consistent as possible with the way you're executing and managing it and then at the end of the month you can see if it has edge uh the more stats you have over the longer period of time the better they are but having stats from one day two days is simply not enough because the the entire week might be uh just trading sideways so you kind of need to see what this [ __ ] looks like in different conditions anyways uh let's go ahead and get into the next thing weekly and monthly reviews again i've been on and off with that [ __ ] i need to i mean they got yellow stars so that means i need to continue to do it so here we go weekly review look at performance for the week or do a rolling average so i'm not sure if i should look at my stats from a rolling average perspective or look at it from week to week i'm going to start with a week this will shape the next week's goals too much chasing i will hammer on that so if i notice i'm chasing too much this week and i see it in the stats that becomes the goal for next week and i have to really pay attention to that goal uh i can't forget it and then i basically i'm going to grade myself on it at the end of the day to make sure i achieved it and i'm going to keep working towards it until it's been achieved and some of you are like what the [ __ ] are you talking about look this is the year of being a professional right this is what i want my dream damn it so the monthly review look at the entire month see if performance is improving in key areas that were targeted by weekly goals see the nuances of what really has edge at this point take biggest issues and make that the next month's goal so whatever my biggest problem is from that specific month that becomes the monthly goal so i got the yearly goal a monthly goal and a weekly goal so i'm working on three things that's a lot but um three things on different time frames so you know different time frame analysis uh anyways so whatever the biggest problem is i need to really focus on it and i need to also amplify what my biggest strength was from that prior month and like i said earlier adjust the tags in a more nuanced way to look at parameters not being looked at yet or to further dive into a tag set so this was this right here this one patience this was this was a goal from last year and i did really well i have become a lot more patient i i think one of the biggest things for me is um being impulsive that's like my biggest [ __ ] kryptonite in trading so i want to talk about patience let me read what i wrote about how i felt felt about it throughout this year and like i said all the shit's mix-mashed uh you got these [ __ ] goals for this year mixed up with what i'm looking at from last year but i definitely nailed this one and i'm i'm proud of myself for this so this is the win this is where i can feel a bit satisfied improvement on patients was a goal of last year i'm very satisfied with my progression i would consider myself as a very impulsive trader i feel moles i feel most scalpers especially new scalpers are impulsive and scalping is a way to curve fit their shitty habits to a specific style of trading in reality good scalping is a sport of precision and especially patience the concentration to scalp well is also very immense i've learned to let go of the impulsive need to recoup losses immediately i've learned to sit and accept that feeling of uncomfortability which in turns allows me to not press a trait so for those of you who don't know pressing a trade simply means you're forcing a trade there's no trades here for you but you're gonna just [ __ ] trade that's what pressing means you might hear me say that a lot more i don't know so anyways and i also do want to say that i feel a lot of impulsive traders curve fit scalping they they think since you know they they don't realize that they're very impulsive and they they think maybe scalping is their personality but scalping is a very difficult sport to do well at consistently and the ability to scalp really well i mean it takes a [ __ ] load of focus and you cannot like disconnect and it's very fatiguing to the point you're really tired at the end of the day i've learned to let go of the impulsive need to recoup losses immediately i've learned to sit and accept that feeling of uncomfortability which in turns allows me not to press a trait i know that there's always another good setup around the corner an immediate recovery often leads to disastrous results being at peace and letting go of that is satisfying especially when i can come back and hit a solid trade that pushes me ahead i find more gratification from being down and waiting ages for that win so what i'm saying here is like i thoroughly enjoy i don't enjoy taking losers all right i just don't [ __ ] like losing but i i like it when i when it happens and i'm super [ __ ] patient and then i can hit a solid trade because this is what was a huge problem especially like 2020 is i would be impulsive i would over trade and uh i'd be down all this [ __ ] money and then i would hit the good setup i knew it was a good [ __ ] setup and then i would be either break even up a couple of bucks or still down and i'm like man that shit's gotta [ __ ] stop right had i just been more [ __ ] patience hence that's why that was a huge goal for 2021 is that what year is is 2021. so i can't believe it's 20 21. holy [ __ ] we're going on 22 man the [ __ ] is going on anyways i'm getting older that's what's going on sucks so but anyways i i find a lot of gratification and just being patient and recovering uh the trade kind of like my trading on tilt video if you guys have not seen that that video is [ __ ] fantastic the the the highlight of that was not the [ __ ] money the big win turning it green all that [ __ ] i got more gratification out of stepping back calming down waiting and then hitting the setup that right there is something i'm starting to obsess over and that is skill development that's what that is it has nothing to do with [ __ ] p l for me this is the year of professionalism and i want to focus more on skill development i've always kind of done that but for me skill development is so [ __ ] important and if you new traders are listening to this stop thinking about the [ __ ] p l p l is simply a reflection of your trading skills and if you don't have good trading skills your p l is gonna suck p l is simply an end result of all this other [ __ ] you gotta [ __ ] get good at simple as that and when i for me a win is not a monetary gain for me at this point my trading journey the win is getting better and honestly from hearing a lot of these professionals uh that do a lot better than me a lot of these guys obsess at getting better again not the p l not the money but getting better and i think once you can just [ __ ] let go of that [ __ ] and really want to get better it's going to make a difference when you can just let go of gotta make money gotta make money gotta make [ __ ] money gotta make money let go of it and that's the thing i think that's what washes out the guys that want a quick buck from the people that are actually passionate about trading we all got in this for the wrong [ __ ] reasons let's be honest with ourselves right we all got in this for the [ __ ] money um but at some point do you love the game for the game do you love getting better at the game and if you don't have passion in that this isn't going to work this is not going to work for you professionals often preach the importance of patience this to me seems to be the answer to all the problems at this stage in my trading obviously perfecting my pitch locations is another thing but patient leads to better pitch locations so i'm going to use pitch i like to use baseball analogies with trading so when i'm talking about pitching i'm talking about actually executing the trade actually putting it on so and i'm saying basically here that patience allows for better pitch locations because i'm not being impulsive i'm waiting for the prime [ __ ] areas where i think i can throw really well now don't get me wrong i still have intense impulsive urges ah yeah you know what i mean just gonna [ __ ] hit the button that's what's going on you know you ever seen the cartoon with the devil on the shoulder and the [ __ ] angel that son of a [ __ ] devil's on my shoulder he's like yeah [ __ ] button man so that that happens and it sounds just like that honestly so um i'm trying to get this other son of a [ __ ] this angel son of a [ __ ] over here to [ __ ] speak up because it's got a soft voice fat cat it's okay be patient be patient well this son of a [ __ ] over here is yelling yeah i'm doing it so that's kind of what's going on you know it makes me seem like a psychopath and you know what maybe i am maybe i am so anyways i still haven't tends and pulls the verges this will not just go away and i accept that fact i just want to continue to push myself in a way that those feelings don't have such aggressive flare-up or the urge is no longer as intense again what i just kind of talked about with that devil angel analogy right i don't think one can shortcut this it's dedicated work one can potentially expedite the process but the workload will be more heavy to shortcut the process of not being so impulsive things i know that work for me so let's talk about things that help with these impulsive flare-ups again if you've not seen the trading on tilt video the [ __ ] you doing go watch it it's so good like seriously it actually has trades in it it's it's a [ __ ] movie man the plot everything god is so good but i talk about uh this meditation process in that video so when i say wim hof make wim hof a habit there's a red star here that so the red star is signifying i want to make this a habit yes the gold stars mean you should be doing this all the [ __ ] time but the i i can't make everything a [ __ ] habit i got to make it kind of easy for myself so i do a a wim hof breathing and then i meditate and then i do visualization so it's like a combination of three different [ __ ] things so i want to make that a habit during tilt flare-ups so when you watch the tilt trading video i want to make that what i did in that video a [ __ ] habit i just want to just do it naturally so i don't have a technical name for it but it's a combination of different things right wim hof breathing meditation visualization so i'm saying this i guess i do want to touch on this i need to do it in the moment the problem is to this day is separation from the screen is very difficult i actually had a traitor who wasn't doing so well and it took me a lot to talk him off the [ __ ] edge of the building i'm like you need to go away you need to go away step away you're doing so good get the [ __ ] out of here and he just was hanging out for too [ __ ] long i knew he was still there i obviously didn't say it that way i said a lot nicer but that's kind of you know the summary um so i know that getting away from this the screens is [ __ ] difficult man because i i don't know i i guess i'm an addict or some [ __ ] maybe you guys are too and you can relate so this is like a [ __ ] aaa meeting for screen addicts here hello my name is fat cat i am addicted to smart water trading screens and big bells the problem to this day is separation from the screens is very difficult the discipline needed will be tremendous the problem is not stepping away necessarily the issue is not stepping away leads to pressing which never ends well and if it does i feel really dirty about it i feel really dirty about it i don't it just it doesn't feel good when you did something stupid you know you should never [ __ ] did it and it worked out i mean it it just doesn't feel good inside i mean some people will be like oh yeah i saved it yeah but that wasn't a good [ __ ] trade and if you continue to do that it's probably not going to go well for you because it honestly most of the time it doesn't the only way to truly step away is to be aware being aware of the beginnings of issues makes a separation from the screen easier once the scale is tipped too much to one side the separation becomes almost impossible as the emotion overrides the ability to make the right [ __ ] decision god this is some poetic [ __ ] let's get smart so if you guys are paying attention what you're probably starting to see is that awareness is huge and if you're not aware of what's going on well then you can't step away from the [ __ ] screen so the salute so here's the thing i'm addicted to the screen i need to somehow pull myself away and i have a solution to calm myself down that solution is the meditation wim hof technique i'm gonna come up with some sweet name for it i don't know what the fat cat method [ __ ] it um so that is the solution but the problem is if i'm not aware that i need to get away from the screen and if the scale's tipped and i'm getting way too emotional at that point it's too [ __ ] late so i have the solution here's the problem but if i'm not able to be aware that the problem is starting to become a problem then i can't go [ __ ] tap into the solution and fix potential disastrous trading so awareness is huge so how does one become super aware seeing how hyper awareness and that skill development is what allows you to step away it allows you to re-evaluate your emotions hyper awareness allows you to simply be more patient hyper awareness is about living in the moment and as humans that is one of the most difficult things to do we either live in the past or we live in the future you guys are always thinking about you fantasizing about what you're gonna do with all your trading money or you're [ __ ] looking at the stupid trade you took and that's all you're thinking about but you're not thinking about them what you should be doing right now right i mean that [ __ ] there's so much technology we can't even [ __ ] watch a a [ __ ] hour long video most people have to look at videos that are 30 seconds long because our attention spans are so [ __ ] up um so living in the moment is a skill that most of us lack and it's simple it needs to be developed so how the [ __ ] do you do that well here's the problem i have a solution to do with the fat cat method for when i'm getting upset and i need to be hyper aware but the problem is hyper awareness just awareness alone is a whole nother [ __ ] skill set uh do you see how all this [ __ ] is kind of tied together at this point like i need to do this when this is happening but i can't do that if i don't become aware so now i got to figure out how to become more aware and this is how you get better at [ __ ] trading you're constantly having problems and you need to backtrack everything and figure out specific solutions to solve specific issues and it all ties in together hyper awareness is about living in the moment and as humans as one of the most difficult things to do as i said we live in the past the future the problem again is i need the specific the problem again is i need the specific solutions to further refine this skill development of being hyper aware maybe hyper awareness is the answer to all my problems not necessarily patience which i mentioned earlier that patience might be the answer to the problem for everything but maybe it's hyper awareness and as i'm writing this i'm kind of writing it like a journal so that's how this urine review is being written patience is merely a result of being aware that i may be feeling impulsive again when i'm being patient i'm like oh i'm being impulsive that son of a [ __ ] is yelling in my ear yeah hit the button and i'm like no no no no i'm aware that you are there telling me what to [ __ ] do you son of a [ __ ] so i'm being aware of what's going on and now i can be patient i can be like be patient fat cat be patient and the traders that sit with me and listen to me trade all the time they hear me constantly say i need to be patient just be patient this is literally me talking this down right so patience is merely the result of being aware that i may be feeling impulsive i know i need to wait because i'm aware of how i'm feeling from what i've seen work for me these are the things that help build awareness meditation walk habit and that makes no sense so let me read it make meditation and awareness walks habits what the [ __ ] is an awareness walk what is this so if you're not in the meditation this could be an alternate way to build the skill development or develop the skill of being more aware awareness walks require you to pay attention to everything around you and not think about the future or the past you're looking at the [ __ ] tree mailbox car what's the license plate on the car what does the ground feel like underneath my feet and it's a lot harder than you [ __ ] think let me tell you a solution to stop the brain from thinking too much is moving your eyes side to side in a rapid fashion i will demonstrate sorry if that was a bit creepy this prevents your brain from thinking when it starts to just do its thing do it in a rapid fashion and this is a actual method used by therapists to help people with ptsd subject with ptsd talks about the event that cause their underlying issues while doing rapid eye movements the subject no longer experiences severe emotional pain as they do as i do this uh rapid eye movement practice for whatever reason because i'm not that smart so let's try to get smart here so whatever's going on in the brain this rapid eye movement has some sort of effect on your brain and it also takes focus to actually move your eyes back and forth like you gotta think that's why when you meditate you think about your breath it gives you something to focus on so when you're moving your eyes back and forth it's kind of like breath work i would say but it's also doing something in the [ __ ] brain i'm not sure what my wires are getting crossed or something obviously i need to drink a shitload more smart water to really understand this and explain it better but anyways being aware on walks is a practice that helps build that skill set so when you go on a walk pay attention to what everything else that's going on in the walk live in the moment and when your brain starts to go all [ __ ] kooky and [ __ ] and thinks about this or thinks about fantasizes about that start to move those eyes back and forth on the walk and when you're doing it look at the tree look at that tree look at the sidewalk look at the house look at this and just take it in and then your mind's gonna wander on the walk that's just part of it don't get upset but it's a great practice and it's also healthy to go for a walk because if you think about it we're always sitting in these [ __ ] computer chairs which i don't think is really good for you and neither is staring at five [ __ ] monitors because that's what i got going on over here and that's why i have to drink a lot of smart water because i think all this shit's making me stupid it's great it's a great thing to do to go out go for a walk and um it's a great way to build your awareness anyways the next thing is meditation meditation is medicine in my 2020 uh trade review i talk about meditation meditation is huge guys it's just so good for everything in your life i when i discovered it i think it was in 2020 when i really started to hone in on it my god it's it's it's it's the best [ __ ] so meditation is medicine i've talked about this last year it heals you in many aspects i'd like to focus on the fact it helps with awareness if my mind wanders in meditation and it will the purpose of meditation is to focus on breath i just spit everywhere i'm spitting smart water on you but focus on the breath don't focus on the smart water spit yeah and there's probably a little bit of covet in there by the way the purpose of meditation is to focus on breath you realize hey my mind has wandered let's bring it back in this is a great practice to live in the moment but to also be very aware or develop the skill of awareness around the wandering mind meditation is not to shut your mind up that's not how that's not how it works it's good to let it wander and what you're doing is you're progressively getting better at pulling it back in and refocusing on the breath it is one of the best ways to really develop your skill of awareness i'm being aware that my mind is wandering bring it back in and it takes practice just to get decent at that and then you have to start to translate it into actual [ __ ] training which that is a whole another skill development set right there and that also takes [ __ ] time this is why i tell you guys [ __ ] takes [ __ ] years to figure out it really it really does and those people that are doing this in a year or two and they're consistently profitable and they're doing really [ __ ] good they must drink a lot more smart water than me because i it certainly took me a long [ __ ] time to really get to where i'm at now and i'm not happy where where i'm at right now i want to do better i'm also happy where you know i'm also happy with the skills i've developed okay so anyways now that the practice is in process at some point the skill of connecting it to your training needs to be developed i just said this how do we do this goals goals are simply the pathway i feel like the [ __ ] stewardess goals are simply the pathway to connect your best practices to other components in your training every morning for a month and throughout the day i need to hyper focus on my goal the pathway to connect my best practices so i'm becoming more aware and in the moment through meditation so i want to talk about that again goals are pathways to connect this to that that's what your goals are okay so you need to build some sort of skill set here that probably has nothing to do with trading like anger being impatient isn't necessarily trading related but you need to work on that somehow some way by maybe doing something that's totally not trading related now you have trading over here you've got to have a goal to connect the [ __ ] two and the thing is you're not going to be able to take that new skill and put it into your training without having a goal and hyper focusing on it so when you focus on i need to be more patient in my training and you're constantly thinking about it it's good to meditate before the session and visualize you being patient if that's your specific goal no matter what happens in this trading session i need to constantly remind myself i need to be patient today because the moment i stop thinking about that my training goes to its old ways so that is the importance of [ __ ] goals some of you think goals are [ __ ] stupid i think you're stupid anyways sorry uh you guys aren't stupid because if you are the solution is drinking more smart water and you guys are definitely better smart water drinkers than i am anyways that [ __ ] need to sponsor me seriously don't don't you kind of want to drink smart water now so i say let's use that skill to focus on when i feel uncomfortable and trading by keeping a talk to text journal i can hear myself talk about my frustrations so therefore when i hear and see it i'm aware i know this makes no sense alex cleared up once aware i can keep my daily goal at the front of my focus the daily goal can be doing wim hof breathing i use this to reground myself before the day starts i need to keep a checklist on making sure i internalize my daily goal with some sort of visualization exercise these goals need to be assessed over until they become habits i need to grade myself on how well i've achieved my daily goal this way i can stat track how well i'm doing this once i see consistency in that goal and the efforts become more natural then i can move on so god that just i wrote that i definitely wasn't drinking smart water when i wrote that paragraph so excuse it here's the process i've been doing a text to talk journal you can use a google drive and you got to use use google drive use the word pad in google drive or whatever it's called and then if you're using google chrome you can hook it up to your mic and you can text to talk throughout the session and i've been doing that and it really helps so what i do is i constantly talk about how uncomfortable i am out loud into the mic i'm not typing it up or nothing this way i can focus on the trading the order flow all that [ __ ] but i'm like talking out loud and text to talk can really [ __ ] it up and it doesn't look right at times but i get the gist of it and what i can do is i'll see i'll see how upset i get over something and when i'm constantly talking about how i'm upset over something or how something's making me nervous i need to tap into my words and i need to realize what i'm actually saying right think before you speak or think while you're speaking some of you don't even [ __ ] do any of that because you don't drink enough smart water when i'm constantly talking [ __ ] about something and trading during the session that is awareness i'm being aware at some point i'm connecting with that and going holy crap i'm really upset here and once i can make that connection and this is why journaling is so important during a session and i suggest doing it the lazy way which is text talk but so important that once you make that connection you can be aware and you can step out and do what you need to do to fix the problem whether that's some sort of meditation a way to calm down or maybe it allows you to just sit back and look at the bigger picture and then really start to go through everything and be like hey there really isn't something here i'm getting too narrow right now i'm getting too focused on small [ __ ] and i don't need to be doing this i need to step back because i'm realize i'm talking [ __ ] one thing i need to do is um through that journaling you can and here's a really big thing about journaling is uh you need to time stamp your entries so so i'll be like 9 30 a.m i feel x y and z i don't feel well about this setup the setup is getting chopped i can't get into it well um time stamping how you feel is very important because you can look at that and compare it to your trades and you can look at it and look at a chart and you can see how what something might be happening on the chart was affecting the way you were feeling and uh it's just like a time stamp trade that's you know you you look at your trade what time did i make it and look at the chart and then you can kind of like review it and the journal entries are going to give you something you just aren't going to get anywhere else because you might notice that you are constantly getting upset and you're getting nervous about holding trades and you're getting nervous for no reason and once you start to see that pattern you start to get more confident in maybe holding a setup you start to get less spooked or if i notice there's a repeatable pattern in my journaling maybe the same thing keeps pissing me off and i keep repeating the same thing over and over but i'm not aware of that and if i reread my journal entry i'm like holy [ __ ] i've been complaining about the same thing for a month straight that has been brought to the forefront and now i'm aware of that repeatable issue and now i can craft a specific solution to fix it and then once i figure out what that solution is and sometimes you don't sometimes the solutions you make are not the permanent solutions sometimes it's whatever you craft to fix a problem is merely just a step towards the right direction until you find what ultimately is going to work for you the thing is i need to have these goals and again what i was saying is goals are pathways well here's the solution to the problem when i'm trading how do i connect it and how do i become aware when it's all starting to go to [ __ ] and what i'm saying here is it's important that i visualize and meditate on the goal before the session it's important that i put up a sticky note or do whatever i can to constantly remind myself of what i need to be focusing on and winning the day is not necessarily printing green winning the day really has to do with knocking that goal out of the [ __ ] park such as my tilt trading video right i did what i was supposed to when i was supposed to and it [ __ ] the results were miraculous right so i need to continue to focus on that goal until it starts to become more of a habit so journaling needs to be more of a habit i've been pretty good with it but i've also been slacking it's really helps it helps a lot so yearly goal all right i i really [ __ ] this one up this was a goal last year and i totally dropped the bottom on it i would say some of it was lack of awareness some of it was laziness so i wanted to be very consistent with my processes so whether that's journaling stat tracking trade reviewing i would say those were the big ones last year just was not consistent with it month after month was not at all and that upsets me so much and i talk about it and i'm gonna revisit that goal because i need to [ __ ] achieve it so anyways this year 2021 i have several goals the main one is being consistent in my processes and i feel if you're consistent with your processes you can be a consistently profitable trader if you're not consistent in routines and processes how are you going to be super consistent with your trading do you i could there's it just relates in my opinion and when i have been consistent in my processes it really did improve my trading when it started to falter the thing is it needs to be stayed on top of especially when [ __ ] is good so this year i had several goals the main one was being consistent in my processes which was a goal last year that i failed i achieved two of the three goals so one of them was being more patient and the other one was trading options achieve those failing this goal of consistently being process oriented makes me upset i'm not happy there is no excuse for this it's a combination of being lazy and not focused on the fact i need to focus on my processes i i need to focus that's the that's the connection here's what i need to do here's how i connect i need to connect it to my training over here the goal connects them i'm going to spend more time on building out specific solution sets this year to help with my main goal one thing i've done that helps is building out checklists i often forget things because i don't drink enough smart water i often forget things whether it's hash tagging a youtube video or hitting the record button for the morning session just simple [ __ ] like that i'm going to spend more time really writing things out and figuring out how to systematize it all into a repeatable process that can be formed into a checklist i need to learn how to obsess with loving the checklist and feeling good when i check off that box and i've made some checklists over the past year anyways things that to include in a checklist there needs to be natural pause points in them they must be speedy so you must be able to go through it relatively quickly otherwise if you're spending too much time on the checklist uh you're probably not going to do it uh you need a supplement to existing knowledge and it needs to be field tested and they're constantly updated and i got i'll admit i've been lazy about uh falling off the checklist wagon as well but hey i [ __ ] did it over the last year at certain points so that's good right so again i need to obsess over the checklist having a goal of being consistent in my processes remember this is a yearly goal this year is too broad of a statement it's too broad of a [ __ ] statement i think checklisting every [ __ ] process to death will help with organization i'm terrible at being organized and this has led to issues throughout my entire life some form of organization will help me be more consistent with my actual processes otherwise i'll be missing specific components at times and this can lead to skewed results so let's take these [ __ ] off obsess over the checklist checklist everything and here's a example of like a uh this is like uh for youtube uh when i edit the video i need to put this [ __ ] in that [ __ ] that [ __ ] and then during filming i need to mention jigsaw so if you guys want to save money on jigsaw please use my affiliate link use the coupon code it helps also if you like what i do feel free to donate to my coffee page think of it like a tip so there you go check them shits off and then after my upload i gotta do all this other crap so this way i don't [ __ ] forget [ __ ] because i'm goddamn forget so much [ __ ] and i you know really i think another thing is i need to put on here on this list is drink more smart water is what i really think i should be doing really that should be the [ __ ] daily week yearly goal or whatever so part of the reason i i'm lazy and don't do my processes is like i was about to adjust my glasses and i put my finger in my nose but one thing is i need to divide my workload man uh so my workload can be hectic um part of the problem is saving it all for the end of the day in reality i need to split my process up by doing it midday which really yields any solid trades anyways uh with that being said dividing my workload makes it more bearable i think a lot of my issues with not meeting my process goal for the year is because my workload can be very daunting at times so what i'm trying to [ __ ] say here in layman's terms uh trade review the morning and the afternoon hashtag your morning trades in the afternoon go through your journal in the afternoon and don't save it for the end of the [ __ ] day because then it turns into a two three [ __ ] hour process and and then then i look at it like ah [ __ ] i gotta do all of this so i think dividing the workload realistically is the best thing let's go on to the next thing oh divide workload book of charts book of charts let's talk about this [ __ ] for a second i'm not like super hyper focused on this one if i [ __ ] this up it's okay but i'm it's not okay playbooking is a tremendous undertaking i simply don't have the time to do fully fledged playbooks on top of everything else that matters however a solution so hopefully you guys are learning something here stop bitching and complaining about the same [ __ ] over and over [ __ ] make a solution for your [ __ ] problem so here's the solution i want to screenshot my daily rth chart i want to quickly mark it up point out entries exits hindsight entries hindsight exits so the ideal entries and exits i want to see how good i'm getting at hitting those areas and then i want to write a quick paragraph on the market conditions and make note if there was any economic catalyst like non-farm fridays fomc whatever and it's just going to be simply one screenshot and i'm just going to jam them all together flipping through these charts once a week will allow me to internalize what an a plus setup looks like and i also need to stamp that [ __ ] out so let's actually write that down again flipping through these charts once a week will allow me to internalize what a a-plus setups look like knowing my best pitches knowing my best pitches inside out is what will allow me to become more aggressive and size up i lack knowledge on my best pitches i do however have a better idea of what those look like as of this year again this year has been very tremendous as far as growth and just honing in on specific setups that work really well this year was good in so many ways my ability to see market clarity is huge i know better when to stop pitching and when to resume when the setups become more difficult i want to tighten this up there's a lot of slop here so sometimes i can have a good setup and i think the training tilt video kind of shows how i was initially trying to hit a good setup and that area just got sloppy trait number two was totally uncalled for that was a impulsive trade entries can either be pristine or they can be a a little sloppy or very sloppy and just i have a video on sweet spot check it out i think this is probably one of the more hard things in trading is understanding volatility and volume in the market and how they interact with each other and the shifting of it and when a trade starts to not be good anymore a a huge problem is over trading a specific entry and not being aware that i'm over trading it until i'm like five six trades deep and they're all not working and then before i know it i over traded it and what i'm realizing is i need to step back after you know two pitches or something and then i need to let something different happen so what does that mean that means i need the price action to push away from that area in a way it wasn't trading prior so if it's chopping and churning a specific area it needs to push out and then come back and then i can re-pitch it i need to get better and identifying when i need to stop and resume that's very difficult uh that's a skill set and i'm getting better at it so i think at this point in my training i obsess about skill development at this point money is secondary and that is a relief i just want to cultivate my skills this year and be a real professional not some half-assed retail trader looking at you don't be a half-assed retail trader i want to approach this the way an f-1 driver approaches driving intense focus on skill development i don't want to be some hobbyist race car driver if i'm going to the top of the game then this is the way this is the way this is the way there is none of this half-assed effort the half-assed effort bothers me to the point i [ __ ] hate it yeah you feel that hatred come out when i did that and i use my italian hands i've had to change tremendously as a person just to get this far while that's not good enough for me i certainly have a solid foundation at this point i have solid trading skills italian hands i have solid trading skills now is the time to really bring it all in and tighten it up i wanna become a machine i wanna trade wi
2022-01-07 06:34
