How did I trade today? 20210628

Sum­ma­ry: Stay Objec­tive, Visu­al­ize and Act

#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

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Mup­pet Meter (1 being best — 5 being worst): 2

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Notes

DAX

• M15 Bull ENgulf formed at VAH with near­by demand at the end of D TPO so went long
• Long 15591.70 SL 15556.20 TP 15627.27 (1R)
• Scratched the trade when M15 failed to close above LTF demand and instead formed a weak bear engulf. Com­bined with M5 Bear Engulf at M5 VWAP in DT. 
• The trad­ing idea turned out to be wrong as I had used the wrong TPO siz­ing and based on that there was an accep­tance of val­ue ear­li­er. Glad­ly I scratched the trade due to PA analysis. 

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

I did well today. Got jumpy a lit­tle bit but start­ed lift­ing weights and I was okay. 

What did I learn today?

Going through OODA loops and visu­al­iz­ing what I want­ed to see is how I man­aged to scratch the trade before incur­ring a ‑1R loss. I hadn’t see the accep­tance of val­ue due to TPO siz­ing but I got that cov­ered now. 

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

Keep tak­ing trades to fur­ther solid­i­fy the knowl­edge that is there and see the gaps where it might be fail­ing. This helps me to progress.

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

Wor­ry about any one trade. I have to stay focused and take prob­a­bilis­tic trades that over time will favor the odds. 

Under the cir­cum­stances, did I per­form at my best?

I did well today. 

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

20210628 Pre­mar­ket Prep Gold

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20210628 Pre­mar­ket Prep DAX

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