Bear Market Trader | Trade Journal on day trading the WTI crude oil market
#dailyreportcard #onegoodtrade #daytrading #becomingaCPT Check out my blog for all the details on today's trading incl. trading plan and daily report card. Wanna chat? Just feel like trolling me? Get in touch.
oil, wti, crude oil, crude, day trading, daytrading, trade journal, journaling, trade plan, commodities, playbook, one good trade, becoming a CPT, consistently profitable trader,
post-template-default,single,single-post,postid-2063,single-format-standard,vcwb,bridge,ajax_fade,page_not_loaded,,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky,wpb-js-composer js-comp-ver-4.12,vc_responsive

19072019 Friday — Trade Plan & Journal

19072019 Friday — Trade Plan & Journal

19072019 Fri­day — Trade Plan & Journal

Ter­mi­nol­o­gy (par­tial­ly made up by yours truly)

  • PA = Price Action
  • BO = Break Out
  • BD = Break Down
  • CAR = Con­firm As Resistance
  • CAS = Con­firm As Support
  • UKC = Upper Kelt­ner Channel
  • LKC = Low­er Kelt­ner Channel
  • TV = Tick Volume
  • WPP = Week­ly Piv­ot Point
  • DPP = Dai­ly Piv­ot Point
  • DR = Dai­ly Resis­tance (piv­ot)
  • DS = Dai­ly Sup­port (piv­ot)
  • WR = Week­ly Resis­tance (piv­ot)
  • WS = Week­ly Sup­port (piv­ot)
  • HL = High­er Low
  • HH = High­er High
  • LH = Low­er High
  • LL = Low­er Low
  • SD = Stan­dard Deviation
  • VWAP = Vol­ume Weight­ed Aver­age Price
  • AS = Asian Session
  • LS = Lon­don Ses­sion (EU)
  • NY = New York Ses­sion (US)
  • R/R = Risk to Reward
  • M2M = Move to Move
  • T2H = Trade to Hold
  • DT = DownTrend
  • UT = UpTrend
  • LTF = Low­er Time Frame
  • TTF = Trad­ing Time Frame
  • HTF = High­er Time Frame
  • Hypo = HYPOthetical

Health review (for the past week)

  • Week­ly goal
    • How do you feel? Have you recent­ly had a break of dai­ly rou­tine (like a trip)? Did you have 2 (or more) nights of insuf­fi­cient sleep?
      • How would you rate it (1–5)? 1/2 = don’t trade 3= quar­ter posi­tion 4= half posi­tion 5= full position

        Mar­ket Prep


        My goals for the day (Dai­ly Report Card)

        • Define win­ning
          • Only trade A/A+ trade ideas
          • For­ward test exper­i­men­tal trades

        Read­ing the Tape

        • What is printing?
          • TTF R no movement

        Dai­ly Report Card

        No HYPOS

        Date:7/19/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)

        Com­bined Score78

        Process Report Card (10 each)
        Per­for­mance Report Card (10 each)

        10Ses­sion PECS100%10Real-time analy­sis

        0Hypos2/210Setups Iden­ti­fied (inc. TEST)

        0Mar­ket Prep2/210Setups tak­en

        10Dai­ly review0/210Erro­neous Entries

        8Progress tow. week­ly goal0/210Erro­neous Exits


        • Week­ly Goal
          • Only trade A/A+ trade ideas
          • For­ward test exper­i­men­tal trades
        • Review
        TradeEntry ErrorsExit ErrorsType TradeSiz­ingRea­son to coverProb­lemPro­posed solution
        100(exper­i­men­tal) TTF50MACAR1SOstopped out--
        200(exper­i­men­tal) TTF R AD U NT1scratchedmomen­tum died off--
        300(exper­i­men­tal) TTF R AD U NT1TP2nd trend leg took prof­it at 1.0 SD--
        • How accu­rate was my assess­ment of mar­ket context?
          • Hypo
            • Did not make any hypos today because I did not have any time to do my mar­ket prep
          • Real-time analy­sis
            • Did well here
        • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
          • P: Did well here 
          • E: Did well here
          • CS: Did well here
        • What’s one thing you learned today?
          • That focussing on clear pat­terns is key and rest is noise. 
        • Positive(s)
          • Did well to switch gears from short to long. 
        • Negative(s)
          • Could not get my mar­ket prep in due to work-relat­ed engage­ment (which is OK). Even with­out a trad­ing plan for the day I stayed com­posed in try­ing to read the mar­ket narrative


        Any ques­tions or feed­back you might have please feel free to leave a com­ment or con­tact me directly. 


        Day trader. Tech geek. Sim Racing Enthusiast.

        No Comments

        Post A Comment

        The maximum upload file size: 128 MB. You can upload: image, audio, video, document, spreadsheet, interactive, text, archive, code, other. Links to YouTube, Facebook, Twitter and other services inserted in the comment text will be automatically embedded. Drop files here