giggles trading journal

My guru says live life blissfully (stress-free). Hence, my trades should also be stress-free. I believe money can be made in the market only if you
1. Understand price action
2. Execute your trades flawlessly, knowing fully well that even though your analysis is correct, the price will still not go in your favor


The plan is to place only one trade per day. If the stop loss gets hit, I will stop trading for the day.
There is more to do in life than just staring at the charts. So after placing the trade, I will work on something else

Psychological issues that you will face. You will think that you have seen the charts for thousands of hours. So you won't analyze the chart correctly. This is a major issue. Every day you have to analyze the chart on all time frames. After that, you mark the levels that you will trade from. Set alarm at those levels. When the alarm is triggered. Place the trade.

Major psychological issues you will face are the trade immediately won't go in your favor. You should not stress out. You have done your analysis. If it goes in your favor well and good. If it does not, there is always another day.

So even though I know highly advanced trading strategies, I still lose. Why? It's my ego, I am looking for those massive risk-reward trades. Instead, I should focus on the lowest risk-reward trades ... the ones that are more probable.
So the goal for tomorrow is to get a 2R trade.
The trading strategy - after a momentum move, wait for price to pullback to a key level and then trade in direction of the momentum