How did I trade today? 20210913 - Bear Market Trader
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How did I trade today? 20210913

How did I trade today? 20210913

Sum­ma­ry: Trust the nar­ra­tive and risk parameters

#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: 

  • Trad­ing rules
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
    • No ear­ly exits, either hit SL or 2R target

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 Clar­i­ty — in tune with price

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



  • D extend­ed and closed above IB. Then pro­ceed­ed to fail the auc­tion in E TPO clos­ing as a bear engulf. Due to not hav­ing enough prof­it mar­gin to IB Low I am going to let this one go. 


  • Val­ue was rotat­ed through and extend­ed to the oth­er side. IB trad­ed high­er as well as C. D formed an Inside Bar with longer buy­ing wick although body is bearish. 
  • Try­ing a long from with­in IBR to get a bet­ter entry and prof­it target.
  • Long 15723.60, SL 15690.60, TP 15788.10 (2R)
  • D closed as an Inside Bar, M15 Bull­ish Inside bar to inside bar, pos­si­ble RBR
  • M15 RBR formed dur­ing E coin­cid­ing with a slight exten­sion and thus HH, mon­i­tor­ing for a sus­tained auc­tion but could be ago­niz­ing­ly slow. Doesn’t bode too well for the trade not hav­ing extend­ed more though.
  • Price final­ly extend­ed high­er in G TPO and right now took out LTF Sup­ply clos­ing almost at its high. H already made HH.
  • 2R prof­it tar­get reached

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

I did real­ly well today even though price was excru­ci­at­ing­ly slow… I told myself I am up for the month I can take a 1R loss if this decides to reverse. No prob­lem. Then I focused on oth­er things and checked back in from time to time.


Hypo 4

Strength from with­in IBR

This should have actu­al­ly been Hypo 1 due to the wide IBR but hey.. At least I not­ed it down and act­ed on it. Dur­ing the ses­sion I did well to under­stand the impli­ca­tions of the val­ue accep­tance with rota­tion and not go against it. 

What did I learn today?

I learned that I should just wait for my tar­get to be hit. Most of the time I am right on the direc­tion. My exe­cu­tion is pret­ty good as well so with using the right risk para­me­ters the mar­ket should act accord­ing­ly and hit my tar­get. In case my stop gets hit I know the trad­ing idea or the exe­cu­tion was wrong. 

Even with a wider than usu­al IBR price can still extend and sus­tain an auc­tion if the sup­port­ing nar­ra­tive is right. 

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

Trust my instincts. 

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

Wor­ry about the trade work­ing out. After tak­ing the trade I was get­ting slight­ly wor­ried but I thought the nar­ra­tive hadn’t been inval­i­dat­ed yet. Also, I am not allowed to take trade off any­way so I took com­fort in that. 

Under the cir­cum­stances, did I per­form at my best?

I did very well. 

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


Day trader. Tech geek. Sim racer/Pilot.

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