The Trader’s Journey: Navigating Trials, Errors, and Growth

[tobetested]

Hi everyone,

Welcome to my trading journal! As a discretionary trader, I'll be sharing my trades, insights, and the lessons I learn along the way. I'll be transparent about my wins and losses and aim to provide regular updates.

That being said, I want to mention that I might adjust the frequency of updates depending on how the feedback affects my performance. I recognize that I might feel some pressure to deliver "good content" in the form of successful trades, and I’ll need to see how this impacts me.

Let’s work together to maintain a supportive environment where we can share and grow without too much pressure.

Looking forward to the journey ahead!

Best,
tbt

 

[tobetested]

Trading Strategy Overview:

My trading approach focuses on Session Volume Profiles to identify key price levels, especially High Volume Nodes (HVN) and Low Volume Nodes (LVN). These areas highlight important support and resistance zones, helping me to determine potential entry and exit points. I use the VWAP as a reference for overall market bias, combined with one-time framing (OTF) breaks, to confirm directional moves.

Key elements of my strategy:

1. HVN/LVN Analysis: Identifying areas of high and low liquidity.
2. OTF Breaks: To signal trend continuation or reversal.
3. VWAP: Monitoring market balance.

I'll be sharing my daily trading ideas, executions, and weekly statistical updates, showcasing both successes and challenges.

 

[tobetested]

- Idea/execution/chartlog
- i really dont know if and how to share some of my thought processes cause i dont know how to choose whats relevant to say. So feel free to ask if you have a question

tbt

 

[tobetested]

• What is your main goal for the month?
• What is your one goal for the first week of October?
• What is your daily goal for tomorrow?
• What are the important tasks you should be achieving this week that will support you in reaching your goal for the month?

Main goal for the month:

I aim to strictly follow my trading plan. I've noticed that on days where I exceeded my daily loss limit, it was often because I took trades outside of my plan ("invented trades"). By avoiding these significant errors and staying disciplined, I believe I can significantly improve my overall performance.

My goal for the first week of October is to avoid having any days where I hit my daily loss limit. By focusing on strict discipline and executing trades that are part of my strategy, I aim to maintain consistency and keep my losses under control.

Stick strictly to my plan, avoid impulsive trades, and manage risk effectively.

"Fight for your price," as Mike Bellafiore advises, is about not settling for impulsive trades or bad prices. By staying patient and focusing on optimal entry levels, I can avoid unnecessary small losses ("papercuts"). Sticking to the best prices will help me trade more effectively, reducing risk and improving overall performance.

 

[tobetested]

Today, I executed the same Google trade as yesterday, as the market conditions mirrored those from the previous session and presented similar entry signals.

regards tbt

 

[tobetested]

Did not trade today had a football match. October started with a bang what made me more calm sitting on my hands in the evening. Will not take a trade today as i ll watch football now.