Daily Report Card 12012020 - Bear Market Trader
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Daily Report Card 12012020

Daily Report Card 12012020

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Sum­ma­ry: ASR too tight — Observ­ing and tak­ing notes

Every trad­ing day I recap my trades, includ­ing more than entries and exits. Why did I take the trade? How did I man­age the trade, my emo­tions and cog­ni­tive func­tion? All the good stuff as well as all the ugly of being a day trad­er. As always, feel free to reach out to me. 

My week­ly goal: 

  • Don’t take trades where SL place­ment is sub­op­ti­mal. Instead, reassess for a bet­ter entry if possible. 

Good Pre-mar­ket routines

Good Ses­sion PECS

Good Trade selec­tion

Good Trade siz­ing or SL placement

Good Trade Exe­cu­tion & Mgmt.

Good Risk Adjust­ed Returns

Yes Dai­ly review

Mup­pet meter (1 being best — 5 being worst): 1


    • C: Extend­ed down from IB clos­ing as Bear Engulf below IB. 
    • D: Closed low­er extend­ing about 1x IB range
    • E: Made LLs.
    • F: Made LLs then closed as a Bull Engulf and weak failed auction. 
    • G: Closed as an Inside Bar 
    • H: Three Inside Down


  • Which hypo played out and how did I hypoth­e­size it play­ing out? How did it actu­al­ly play out? What did the pro­file and price action show?
    • Hypo 1 – Swing Reversal
      • Pre­ferred: PA rever­sal con­firmed, IB exten­sion down. Mon­i­tor for val­ue acceptance. 
      • 100%

How accu­rate was my assess­ment of mar­ket con­text? Was I aligned with mar­ket context?

  • I did well to stay out. There is a rea­son why too tight aver­age ses­sion range is not con­ducive for my edge to play out. Although, I could have trad­ed I rather have ‘clean­er’ price action. 

How did I feel before, dur­ing, and after the trade?

  • No trades

How well did I fol­low my process?

  • I did well here

How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?

  • I did well here

What did I learn today?

  • Proof that there is a rea­son for a wider aver­age sea­son range before get­ting involved. I’ve observed this before but thought per­haps I can make some sense of it and find an opportunity.

What’s one thing I need to do more often?

  • Trade my edge and only my edge. All the rest is noise unless I have observed a con­di­tion many times over and spot­ted a prob­a­bilis­tic opportunity. 

What’s one thing I need to do less often?

  • Care about not trad­ing. The mar­ket giveth when­ev­er it giveth 🙂 

Under the cir­cum­stances, did I per­form at my best?

  • I did well here

For my trade plan(s) on this par­tic­u­lar day, go here:


Day trader. Tech geek. Sim Racing Enthusiast.

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