11 Aug How did I trade today? 20210811
Summary: Gotta work harder in the summertime 🙂
#fintwit #orderflow #daytrading #dailyreportcard #tradinglifestyle #daytraderlife #grasshoppersanonymous #tradingforex #tradingcommodities #NEXT
A small summary of how I did during the session. Things I did well. Things I need to keep working on. Trade Reviews are part of my post-mortem but usually I post those the next day.
My weekly goals:
- Min. 3 times working out at home + mandatory cardio
- Trading rules
- M15/M30 entries and exits at 1st DTTZ, M5 entries and exits at 2nd DTTZ
- Use SL scaling in case the profit target for the setup doesn’t provide 2R for example for FA or VAA setups
- No social media / messenger apps / phone calls allowed during the trading window
Good Pre-market routines
Good Session PECS
Fair 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
- IB traversed down, IBR 0.81xASR. C traded higher.
- Price is trading at M30/M15/M5 QHi and made a M5 Bear engulf but failed toc lose below VWAP. I waited for a M5 Three Inside Down in line with the bear engulf closing slightly below VWAP for a short on a pullback to newly formed M5 C‑sup. When price failed to transition to M15 closing within newly formed demand I cut the trade at breakeven.
How well did I manage my physical, emotional and cognitive states?
I did well here
What did I learn today?
Then when there is responsive activity sometimes we gotta work harder to find a trade worth taking. Profit targets should be adjusted accordingly. #summertimetrading
What’s one (or more) thing(s) I need to do more often?
Take educated chances
What’s one (or more) thing(s) I need to do less often?
Take trades out of boredom. I kinda feel that I was looking to trade something, anything… I should have gone with my long bias although the prospect of going long at these levels didn’t entice me either.
Under the circumstances, did I perform at my best?
I did well today
For my trade plan(s) on this particular day, go here: