August 18, 2025 (2 Trades) (-$65.00)
Overall Grade: C-
Day Summary: Today was the definition of a No News Monday, and after just now looking at the chart for the full day, it is easy to see that no trades should have been taken at all (of course much easier to say that now). The first trade I took today was to plan, although I did kind of know based on the price action going into my set up (21 ema trap) that is was a subpar set up. Even so, that is trading sometimes and I am content with that as a loosing trade. The second trade, however, was completely forced and had no set up at all. Thankfully I cut it quickly and instantly knew it was time for me to walk away for the day. A difficult, but a good and responsible decision! If anything else, that is a good take away from today. Once I get that 'I should stop' thought, it is time to shut it down no matter how much I want to try to trade again. Good job!
DAILY - ES
5 MIN - ES
TRADES
Trade 1 - Short 2 MES @ 21 EMA Trap + Key Level + 4 Targets + Bias + Early/FOMO Entry (VWAP was the planned level)
Grade: B-
- this is technically my set up but it is subpar
- the HL created by my entry candle already gave me doubts about this trade
- during the chop, I was seeing HLs and dips getting bought so I was pretty sure I was on the wrong side of this trade but I had my orders set and just let it play out - good
- overall, I am ok with this as a loosing trade, however looking at the PM/overnight price action on the 5 & 15min, I should have been elaning long biased, but I was short biased (as usual) due to 4 Targets and liquidity below on the 30min (so I thought haha)
Trade 2 - Long 2 MES @ Gambling/Guessing + No Set Up + Forced Trade
Grade: D-
- Avoid
- no set up - bad
- guessing, gambling, hoping, thinking about the money - all bad
- Only good thing was I cut this loss quickly and immediately knew it was time to walk for the day