How did I trade today? 20210812 - Bear Market Trader
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How did I trade today? 20210812

12 Aug How did I trade today? 20210812

Posted at 11:58h in Next Day Analysis by
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Sum­ma­ry: Trust your pre­mar­ket prep and gut

#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

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

Notes

DAX

  • IB tra­versed 0.26xASR and C closed leav­ing a long buy­ing wick. M15 Bull Engulf.
  • I hes­i­tat­ed going in on the M15 Bull Engulf as it wasn’t the strongest. Wait­ed for a few min­utes to see if price moved high­er then on a pull­back I went in long:
  • Long 15842.90, SL 15817.90, TP 15880.45
  • Price gapped up prob­a­bly due to liq­uid­i­ty issues and when price hit M15 sup­ply I decid­ed to take 1R. 
  • Price moved high­er and would have hit 2R

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

I did well here. Noth­ing much to mention. 

What did I learn today?

That a lack of liq­uid­i­ty can cause gaps intrasession.

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

Trust my pre­mar­ket prep and my gut when it says to take a trade. 

What’s one (or more) thing(s) I need to do less often?

Take prof­its too soon. Although being in DD plus sum­mer­time trad­ing it wasn’t the worst thing. 

Under the cir­cum­stances, did I per­form at my best?

I did well. 

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

20210812 Pre­mar­ket Prep DAX

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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