Site icon Bear Market Trader

How did I trade today? 20210618

Sum­ma­ry: Process is king

#fin­twit #order­flow #day­trad­ing #dai­lyre­port­card #trad­inglifestyle #day­trader­life #grasshop­per­sanony­mous #trad­ing­forex #trad­ing­com­modi­ties #NEXT

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 goals: 

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): 2


Summary — London


DAX — London

What hap­pened around the 1st DTTZ? Which Hypo played out (if any)?

Price accept­ed val­ue dur­ing IB and rotat­ed through. C extend­ed below and then failed auc­tion some­what weakly.

What hap­pened around the 2nd DTTZ? Which Hypo played out (if any)?

Price shot down and kept going but had a slight pull­back before continuation. 

What was the play of the day?

Sus­tained Auc­tion down

Was I right on the out­come? Which Hypo played out and why was it not Hypo 1 (if any)?

Yes and no. The failed auc­tion well failed and sus­tained auc­tion to the downside. 

Was there an oppor­tu­ni­ty and did I take it?

There was and I did. Down ‑1R with SL hit. 

DTTZ: 2nd

Entry: M15 con­sol­i­da­tion and break higher

Prof­it Mar­gin (ADR or con­ges­tion): Plen­ty at IB high but would have tak­en M30 VWAP. 

What would a price action exit rule have done?

N.A.

How was SL place­ment and Siz­ing (Was there a need for scaling)?

I scaled below M15 for­ma­tion which was okay. 

What would time-based have done?

N.A.

What could I have done better?

I think I did okay for try­ing a failed auc­tion play. At least I’m tak­ing more trades now and don’t seem to be anx­ious too much. 

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

I felt good. Not much to note. 


GOLD — London

What hap­pened around the 1st DTTZ? Which Hypo played out (if any)?

Price trad­ed high­er to VAL and extend­ed in C then formed a Bear Engulf with a weak sell­ing tail in C. 

What hap­pened around the 2nd DTTZ? Which Hypo played out (if any)?

Price trad­ed high­er before return­ing back to IB.

What was the play of the day?

A very flim­sy failed auction

Was I right on the out­come? Which Hypo played out and why was it not Hypo 1 (if any)?

Hypo 3 kin­da played out. 

Was there an oppor­tu­ni­ty and did I take it?

I did but then got stopped out ‑1R.

What would a price action exit rule have done?

N.A.

How was SL place­ment and Siz­ing (Was there a need for scaling)?

Above for­ma­tion. Good. 

What would time-based have done?

N.A.

What could I have done better?

I think I did okay to try and take the trade. 

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

I felt good. Noth­ing much to note.


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

I did well here. I stayed calm and col­lect­ed going through my OODA loops and stuck with my trade. 

What did I learn today?

That I can take trades and stay objec­tive with­out grasshoppering. 

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

Take trades and go through OODA loops. 

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

Wor­ry about out­come of any sin­gle trade.

Under the cir­cum­stances, did I per­form at my best?

I think I did okay. 

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

Exit mobile version