How did I trade today? 20210813

Sum­ma­ry: Make an edu­cat­ed deci­sion and stick with it. Trade or no trade. 

#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

Good 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

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Notes

DAX

• IB tra­versed high­er 0.39xASR fol­lowed by an exten­sion in C and D took it high­er test­ing the round num­ber of 16000
• M30 RBR form­ing a Sell­ing tail in E that F and G have failed to take out. M15 Bear Engulf could sig­nal an auc­tion fade here although sin­gle prints are intact. 
• I con­sid­ered an Auc­tion Fade short as per hypo 2. Price had start­ed tak­ing out sin­gle prints in D but only 1 print. And G had closed as a Bear Engulf. Decid­ed against it as was point­ed out that fad­ing the auc­tion on equi­ties can be tricky espe­cial­ly on a Friday. 

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

I did well here

What did I learn today?

That it might not be the best to fade the auc­tion on equi­ties, espe­cial­ly on Fridays. 

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

Did a lot of work today with no trades which is okay. Learned a lot. Great to lis­ten to my own voice and fol­low it. Visu­al­ize what I want to see and then act accord­ing­ly. If by chance there was an oppor­tu­ni­ty missed that is okay as I can take it into my post-mar­ket review. 

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

I think I did well today regard­less of not hav­ing been able to join the auc­tion. I learned a lot and am grow­ing more con­fi­dent in going against my nat­ur­al pho­bia in buy­ing the ‘top’. All evi­dence point­ed towards a pos­si­ble sus­tained auc­tion and I could have joined it on the break of IB. If not then I could have joined off the M5 con­sol­i­da­tion with break higher. 

Under the cir­cum­stances, did I per­form at my best?

I think I did well. 

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

20210813 Pre­mar­ket Prep DAX

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