How To Find Your Rhythm In 2024
Today at a glance:
Pre & Post Market Routines
January’s Position Sizing
Let’s dive in:
Over the past couple of years, I’ve struggled to find my rhythm to start the new year.
Here’s why (and maybe you can relate to some of these issues, too):
Oversizing
Too aggressive
Too passive (yes, the exact opposite of the issue above)
So, after some deep reflection, here’s what I’m committing to start 2024 to find my rhythm:
Simple Pre & Post Market Routines
It’s easy to feel like you have to conquer the world when the new year starts. I’ve found myself completing multi-hour routines on a daily basis in 2022 and 2023, only to find myself burnt out by the end of the month.
This year is going to be different. I’ll be executing a…
30 minute premarket routine
30 minute postmarket routine
…and as a new addition, I will be journalling my thoughts throughout the day to make the post market routine quicker.
I’ve covered my premarket journalling questions in-depth here.
I’ve covered my postmarket scans, journalling questions, and everything else here.
Reduced Sizing
I want to ensure I start the year with some decent trades under my belt, not worrying about the % return on the account but more so see some wins stack up.
To do this, I’ve recognized lowering my sizing allows me to do 2 really effective things for my trading:
Reduce hesitation around execution
Reduce worry about starting the year in a deep draw down
So, I’ll be using max 10% of my account per trade to start the new year. I’ll also be risking 0.25-0.5% equity per trade, ensuring I won’t start too far in a hole if I lose on 3 trades straight.
See an A+ setup, take an A+ setup. Live with the results.
That’s my motto for January of 2024.
Side note: I’m a big sports fanatic, specifically basketball. When jump shooters are struggling and looking to find their rhythm, often times getting to the free throw line or an easy layup sparks some momentum. After seeing the ball go through the basket, they build rhythm to shoot confidently and get into a flow state. This is exactly what reducing my sizing will allow me to do.
Actionable Takeaways To Help You Start 2024 In Rhythm
Run simple pre and post market routines.
Reduce position sizing to max 10% equity for the entirety of January.
Commit to only trading A+ setups.
I’m excited to see the results of these changes after just one month.
If you struggle to start the new year, give these a try and let me know how they go for ya.
Talk soon,
Greg
Other resources to study:
2020 Best Charts: https://gregduncan.gumroad.com/l/wmfsd
2021 Best Charts: https://gregduncan.gumroad.com/l/2021
2022 Best Charts: https://gregduncan.gumroad.com/l/2022
Earnings Gap Up Mastery Free Email Course: https://upsideunlimited.com/earnings-gap-course
Consider Becoming A Paid Upside Unlimited Subscriber: https://upsideunlimited.com/sub