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Apex Sniper Trading Bootcamp – Challenge Countdown – 7 Days to go …


Thursday and only 7 days to go.


Actions I took since the last post:

  • Continued reviewing the setups with a focus on when Not to enter
  • Reviewed my trading plan
  • Traded premarket Sim and 1 trade in the Leeloo account.

Trading Plan:


Is your Trading Plan a working document?


Having a Trading Plan is important but most trading courses don’t teach how to make a trading plan into a working document. I regularly review and update my trading plan.


Some people consider just having your rules for the setups to be a trading plan. It is much more than that … it is your business plan which does include your Playbook for trade selection and execution.


I made a mistake yesterday where I entered a trade in the wrong direction. Does your trading plan have an action you would be required to do if you behaved the same as I did?


One trader I know, when he makes a mistake, he stops trading for the day. No live and No sim!


In my trading plan, I am required to review why I did what I did and develop a strategy to prevent that from occurring again. Also I must trade in sim for 3 trades before I am allowed to trade live.


Part of my review solution included not trading live if I have interruptions during that time.


Todays Trading


I initially traded in Sim as per my Trading Plan and then placed 1 trade in the Leeloo Evaluation account when I was interruption free. The market then went crazy and I did not trade again.


I am not posting the list of potential trades today as the list is getting large and my trust factor in the ability to enter the trades due to the speed of the market is questionable.


Sim Trades


I traded 7 sim trades with 6 winners. Total of +$260


ES Trade 1 – AR1 Win


[ATTACH=full]111773[/ATTACH]


NQ Trade 2 and 3 – AR1 Win


[ATTACH=full]111774[/ATTACH]


ZB (30 year Bonds) Trade 4 and 5 – AR1 Win


[ATTACH=full]111775[/ATTACH]


NQ Trade 6 – AR1 Loss


Stop hit!!!


[ATTACH=full]111776[/ATTACH]


NQ Trade 7 – AR1 Win



[ATTACH=full]111777[/ATTACH]


My Sim results for this week (4 days) a Net profit of +$1,201.25.


[ATTACH=full]111778[/ATTACH]


Leeloo Evaluation Trade


Only one trade was entered and it was profitable +$50 – commission


[ATTACH=full]111779[/ATTACH]


Resources: I have added the link (I do not have an affiliation with this company)


The book I suggested that everyone reads is called “The Truth about Trading” by Judy Van Niekerk.


The book approaches trading from a different approach to most other books. It approaches Trading from the point that trading is a tool to help you achieve your goals.


It takes you through the process form having the right mindset to developing your trading plan and much more.


The book is written by Judy Van Niekerk who, with her husband created the Tribe of Traders. They teach their trades everything in the book and also how to trade with their systems. They are forex trades and use their processes to show the practical application of what is in the book. This book is not just for Forex traders.


If you are interested in reading this book then it is only available from Judy and it is free if you pay the postage. Click on the following link:


https://trading.tribeoftraders.com/tat-free-book-main




*********************************


Watch this space for more resources that I find useful.


I will include books, articles, podcasts, interviews, videos, hypnosis/meditation audios, mental exercises, and more …




I will report back tomorrow on my progress and any lessons I learn


Disclaimer


I am not affiliated with any of these companies.


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