How did I trade today? 20210811

11 Aug How did I trade today? 20210811

Sum­ma­ry: Got­ta work hard­er in the summertime 🙂

#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

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

---

Notes

DAX

• IB tra­versed down, IBR 0.81xASR. C trad­ed higher. 
• Price is trad­ing at M30/M15/M5 QHi and made a M5 Bear engulf but failed toc lose below VWAP. I wait­ed for a M5 Three Inside Down in line with the bear engulf clos­ing slight­ly below VWAP for a short on a pull­back to new­ly formed M5 C‑sup. When price failed to tran­si­tion to M15 clos­ing with­in new­ly formed demand I cut the trade at breakeven. 

---

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

I did well here 

What did I learn today?

Then when there is respon­sive activ­i­ty some­times we got­ta work hard­er to find a trade worth tak­ing. Prof­it tar­gets should be adjust­ed accord­ing­ly. #sum­mer­time­trad­ing

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

Take edu­cat­ed chances

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

Take trades out of bore­dom. I kin­da feel that I was look­ing to trade some­thing, any­thing… I should have gone with my long bias although the prospect of going long at these lev­els didn’t entice me either. 

Under the cir­cum­stances, did I per­form at my best?

I did well today

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

20210811 Pre­mar­ket Prep DAX

• Twit­ter
• Insta­gram