Bear Market Trader | Daily Report Card
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How did I trade today? 20220414

How did I trade today? 20220414

#fin­twit #order­flow #day­trad­ing #dai­lyre­port­card #trad­inglifestyle #day­trader­life #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 target

1–3 (3 being good)

2 Pre-mar­ket routines

1 Ses­sion PECS

1 Clar­i­ty — in tune with price

DAX — What Mar­ket Nar­ra­tive Played Out? (Keep it short!)

  • Failed Auc­tion with C clos­ing with­in IB
  • Went short as per Hypo 1
  • this was the wrong call. The bet­ter hypo was hypo 3

Gold — What Mar­ket Nar­ra­tive Played Out? (Keep it short!)

  • D closed below VAL and then extend­ed IB to the down­side in E and closed near it’s low
  • F closed as an Inside bar and I went in for a pos­si­ble con­tin­u­a­tion as there was no pull­back to IB low
  • When I saw there was con­tin­u­a­tion and the play was to the long side I cut my loss­es and quick­ly reversed. This luci­ly hit the tar­get sav­ing some of my day.

Did I take advan­tage of any opportunities?

  • DAX
    • Short as per hypo 1
    • Got stopped out ‑1R
  • Gold
    • Risky short as per hypo 3
    • Exit­ed the trade for ‑0.8R
    • Then reversed the trade and trade hit 1.2R
    • Down on the day ‑0.6R

Things I did well:

  • Revers­ing the trade on Gold was well Golden 🙂

Things I need to keep work­ing on:

  • Don’t lis­ten to upbeat music when trad­ing. It makes me too hyper and I’m sit­ting here as some kind of DJ eager to press some buttons. 
  • I failed to plot the new D1 demand on my chart in the begin­ning oth­er­wise I would’ve noticed it coin­cid­ed with VAH.
  • I went short with not much of a prof­it tar­get = no good trade
  • Will review heav­i­ly tomor­row. No trad­ing tomor­row as the mar­kets are closed so can focus more on this. 

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


Day trader. Tech geek. Sim Racing Enthusiast.

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