Monday Review

Today was a profitable day, it wasn't the greatest trade of all, but it was a good one.

It's a little humbling having to force yourself to not bite more than you can chew. Having to not take trades is definitely something that requires self-control and restraint. I'm slowly mastering this, I think I did pretty good last week, and as mentioned yesterday, the approach this week is the same – caution & calculation.

I mentioned that the three targeted sectors today would be XLC, XLY, and XLE. I also said that I thought XLU could be up there as well. Below is today's performance:

As shown, XLC did in fact lead the sectors by finishing first with a $2.47 price change. While XLY did not end up positive, it was 4th in place, and XLE ended up red today. It's okay though, I've been very explicit about not preferring to navigate XLE holdings. From the three targeted sectors I selected two possible assets from each to monitor today before entering a trade: DIS, TMUS, XOM, EOG, TSLA, and AMZN. From this, I focused entirely on DIS and we'll see the performance of it.

While I could choose to trade multiple stocks at once, I do have a full time job that requires my attention as well. Therefore, it does become a challenge if I want to go multi-stock trades in one sitting. In addition to my full time job, I am still a beginner at this, and while I have definitely improved this month overall in my approach and my psychological state, I still want to be cautious until I'm ready to take off the training wheels. I'm in a marathon here, not a race. So, let's look at today's performance for DIS:

The chart above shows us the massive gain today. From the moment the market opened, investors jumped in and pushed the price up sending the RSI to an overbought position. At the same time, we see that DIS has been trending above the 200MA & 20 MA.

My target price for today was $109 with 4 days to expiration (DTE). The price was reached, as shown in the chart, we witnessed a high of $109.42, where I exited the trade. As I mentioned at the beginning of this post, today was profitable, it wasn't an explosive gain, but profit is profit and I am very happy I was able to end up in profit on a Monday. It feels right, I think it sets the tone for me. Not to say I can't trade the rest of the week if I don't end up in profit. Nevertheless, I was able to gain a 15% in my current bank roll and that is a milestone for me.

Percentage Change in Trading Portfolio:

From the above table, it is evident that the last 3 months have been positives. However, I didn't trade anything in part of July and the entire month of August. This is when I took a break as I ended up pretty much blowing it again. Earlier this year, I started to be profitable when I first started this journey, and then I started revenge trading and not managing my risks properly – basically not following my own rules. Let's disregard the 3 month for now. I started trading again at the beginning of September. I am seeing consistency.

In order to keep a positive portfolio I have to keep a few things in mind:

• Not being greedy
• Accepting small profits
• Not taking unnecessary trades
• Trading with Faith – I will write a separate blog about this one.

There are opportunities every day, the market isn't going anywhere. So, let's prep for tomorrow and run my model.

XLC, XLY, and XLK – I am not entirely convinced on the ones above. I'll tread carefully tomorrow. While I'll still consider at least one stock from each of the above, I will look into XLU as it is almost depleted by sellers and XLRE. I'll consider the below:

• NVDA & ORCL for XLK
• HD for XLY
• NEE & SO for XLU

If nothing is promising, I won't trade tomorrow. It seems a bit tight, but hopefully it is a good trading day