How did I trade today? 20210823

Sum­ma­ry: Let your win­ners run

#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

BAD Trade Exe­cu­tion & Mgmt.

Good Risk Adjust­ed Returns

Yes Clar­i­ty — in tune with price

Mup­pet Meter (1 being best — 5 being worst): 4

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Notes

DAX

• IB trad­ed down after Asia and FF trad­ed high­er. There was a slight exten­sion in C dur­ing D there was a M15 Bull Engulf which I took for a long. I actu­al­ly went slight­ly ear­ly based on the M5 con­sol­i­da­tion at D1 demand.
• Long: 15825.90, SL 15801.90, TP 15876.90
• Decid­ed to take 0.5R due to not hav­ing much of a buy­ing tail and fail­ure to close above M5 VWAP
• Price pro­ceed­ed to close as a M15 Bear Engulf, then invert­ed ham­mer, coin­cid­ing with a poten­tial M30 base after the M30 Bull­ish Inside Bar. 
• F closed as a M30 RBR in line with the FA
• There was some slight fol­low-through before form­ing a Bear Engulf in I TPO although weak.

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

I did well here.

Clar­i­ty

I had good clar­i­ty to under­stand the failed auc­tion. I stalked the oppor­tu­ni­ty and even got in a lit­tle ear­ly based off a M5 con­sol­i­da­tion and wait­ed for the tran­si­tion to M15 Bull Engulf. When price failed to close above M5 VWAP I decid­ed to take the trade off. In hind­sight I could have let this go on longer as I have come full cir­cle and turned back into a grasshop­per. I jump out of trades too ear­ly again and don’t allow them to do their thing. 

What did I learn today?

I learned that I need to face my inner-grasshop­per again. I need to focus on get­ting 2R trades for at least 37% of my trades. 

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

Exe­cute on my plan and take trades

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

Cut trades too early

Under the cir­cum­stances, did I per­form at my best?

I could’ve done bet­ter on let­ting the trade go longer. 

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

20210823 Pre­mar­ket Prep DAX

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