Summary: Pick em, then stick with em….
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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.
Good Pre-market routines
Good Session PECS
Good Trade selection
Fair Trade sizing or SL placement
BAD Trade Execution & Mgmt.
Good Risk Adjusted Returns
Yes Daily review
Muppet Meter (1 being best — 5 being worst): 4
Notes
GBPNZD
- IB traded higher, IBR 0.65xASR,
- Took a long off break of IB. Not too happy about the IBR but let’s see what prints.
- Long 1.97514, SL 1.97214, TP 1.97981
- Took 0.3R profit thinking summertime might not have the best sustained auctions as well as W1 supply just above.
DAX
- B rotated through Value. IBR 0.51xASR.
How well did I manage my physical, emotional and cognitive states?
I did well for the most part. I felt okay. Even though having a bit of chaos in my private life I think I did okay.
What did I learn today?
That I can pick good trades but that my trade execution as well as my trade management needs work. I will include more details on this tomorrow when I do my trade review.
What’s one (or more) thing(s) I need to do more often?
Keep taking trades based on my hypos.
What’s one (or more) thing(s) I need to do less often?
Worry about one single trade. The will to get a ‘win’ under the belt overpowered my straight thinking and I took profits too soon. This trade went up to 1.9R. More if I had better SL placement.
Under the circumstances, did I perform at my best?
I did okay…. Wasn’t the sharpest today to begin with but still took a chance.
For my trade plan(s) on this particular day, go here: