Edgewonk

October Performance - Trades: 6 - Win/rate: 50% - Net Return: 12R - Max Drawdown: 1.3% - Performance by Hour: 5-6 AM - Performance by Weekday: Wednesday & Friday This data does not include my current short position from 81k that's up 4R. Some data that stands out to me is the hour and days of my profitable setups (5-6AM + Wed / Frid). This is often an overlooked data point, for me these figures tell me when I need to be at the charts and mentally locked in for a trade setup. At the start of the month most of my losses came from breakout trades, that was my sign that momentum was cooling off on alts and that I should start focusing my attention back to trading BTC. Initially I did not have a clear read on BTC in terms of a trade setup, but I did have a bias in term of favouring shorts as we accepted back within the weekly range high. The first short trade I executed was a Range Extreme (Internal Sweep) and the second was a Mean Reversion (Internal Sweep). Main reason these setups played out nicely was because I was flowing with the trend, add on top the fact that when I did not have a clear read on the market, I stayed flat and waited instead of taking sub-par setups. Conclusion: Overall, I am very pleased with how I traded this month. Manged to switch my focus from alts back to BTC when momentum was cooling off. When I did not have a clear setup on BTC, I simply waited for one to present itself instead of trying to force trades. Did not make any mistakes when it came to the trade lifecycle (Execution, Management, Closure). Heading into the November, my goals remain the same which is to only execute playbook trades and of course provide as much free value to everyone on X.

Journal your trades. Then review the journal.