Goals: October 2023 - Study, Study, Study
Until I see consistent returns from the market, trading at all is not worth the time. As the market is still in an unfavorable state, studying the market, learning, and reviewing, is really the most effective use of my time!
Key Areas to Focus on this Month:
Learning from Traders:
Going to start documenting all the notes and information from resources. I know I have been doing that in the past but really focus on specific traders, their methodologies, and how they trade. Publishing my notes on different interviews they had for example. My hope is to build toward a database of successful traders for this site.
Looking for other Trading Ideas:
Still looking for other trading ideas possibly to supplement when a bad market environment like we are in now but there is also a balance of, do I want to improve on the current strategy, focusing more of my time back testing and understanding, or diverting time to new strategies. It could be possible that a healthy balance between 1-3 strategies could be good to smooth out my equity curve or just enhance returns but more consideration needs to be put in place for this.
Historical Database Creation
Focus not just on the setup itself but the environment it was in. The theme and other surrounding stocks within that theme when the setup occurred! Because I think that’s the most important part when creating a setup database.
Review in clusters of themes
Having this database is critical and I believe this will always be an area of focus
-F4VS