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November Goals

November Goals

The current market is choppy and quite turbulent, and I expect the next 12 months to stay the same. Some actions are needed to adapt to this harsh trading environment. In November, I will take two main directions:

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1. Enhance the Core

As of now, I have good knowledge of 2 methodologies: Breakouts (2lynch) and EPs. As a swing trader, bias on the long side. I did deep dives and studied them in detail. However, I still don't have them highly internalized, and the skills are young; that is why:

  1. Continue to fine-tune processes, learn tools and practice knowledge on these two setups
  2. Scan, review, and trade these two setups daily.
  3. Learn the edge of other traders regarding these two setups.
  4. Learn Trade Ideas software to Advanced Level and integrate these two setups.
  5. Create the MB and EP printed folders with A+ setups and review them weekly
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2. Explore for Further Innovation
  • Master a master: in September, I was highly focused on studying EG and KQ. In November, I will study in close detail mmonis and TGIF. Maybe by doing so, I will find directions in which I have to learn further or innovate.
  • Develop Day Trading Skills, Processes, and Tools

Even if the market is volatile, there is still action going on, and as of now, I see that day traders have an edge in this environment. I want to learn day trading as there will be a synergy between what I have learned from swing trading and the other way around. The main logic is to try to read the market using momentum methods but takes profits intraday. Some actions have been added, and most likely, more will appear during the month:

  • Switch to Interactive broker
  • Buy the stream deck and integrate it into the trading process using hotkeys to be able to enter and exit trades faster and without mistakes
  • Evaluate strong communities of day trading and maybe join one to get more familiar with day trading mechanics.
  • Adapt TradeIdeas and TC2000 for Day trading.
  • Research what potential Deep dive to do in December.

A more personal goal will be to integrate again into the country and join some social activities. These days I study or trade for around 10 hours per day, and I may get into burnout. Gym and social activities should be an excellent addition to balance the day.

Vamos!

November Performance Review
Here is the progress on the two main directions I decided to go in November and how the month unveiled itself. 1. Enhance the Core Even at the beginning of the month I had the feeling that I don’t trade the setups as a result I wanted to focus
mastertradingflowflow

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