December 16, 2024 (2 Trades) (-$120.00)

Overall Grade: D-

Day Summary: This is my first written out review in over a month now and it is because I really need it. I hadn't been reviewing because I had been trading well in November and had other things going on in my life. However, December has put me to the test emotionally, originally because it was not offering me much opportunity, but now mainly because I have been very out of control emotionally. I have just been thinking about the money, forcing set ups that aren't there, and then even for some reason, skipping on the good, planned out trades. I know that these poor habits are causing this extensive drawdown, but I have been feeling unable to change it. I need to remember to stay detached from all outcomes and allow the market to naturally come to me. Today I felt good at the open and had a plan, but when that plan set up, I didn't execute on it out of fear and anxiety from the wayh I have been trading. Once I missed that greatg move, which followed the plan to a tee, I immediately had FOMO and just couldn't walk away from my charts. I took a decent long and got stopped out BE, and then I came back for more just because I was thinking about making money, and, well let's just look at it (Trade 2)

 

** No photo of DAILY because Trading View just changed over contracts **

5 MIN - ES

TRADES

Trade 1 - Long 2 Contracts @ Range Pullback + Key Level

Grade: C

  • After missing the long move off of 6138.75, this was a fomo trade
  • That being said, for a fomo trade, it wasn't too bad and the risk was low as I planned to stop out quickly - going with current trend/momentum
  • buying support - good
  • decent spot to hold for continuation - good to put stop at BE on this trade - not worth the risk if it failed where I stopped out
  • trusting the chart for entry - good
  • Was this trade really worth it ? Not really, because I said I planned to stop out quickly, but in tjhe moment I wonder if I really would have, which could have severly effected the R of this trade

FIX: Take the origional planned trade (In at 6138.75 Out at 6152.00) and be done by this point so you don't have to take a riskier trade

 

Trade 2 - Short 4 Contracts @ Being A Fucking Idioit + FOMO + No Set Up

Grade: F

  • This is one of the few trades I can truly say should be graded an F
  • Guess entry - trading on a "feeling" that the pop was a "fakeout"
  • Knew this trade was a horrible fomo trade from the start and then didn't take my chance to get out BE or small loss MULTIPLE times
  • Fighting the trend - bad
  • Doubled my position size on the pop through HOD on a FEELING !! Thinking it was a fake breakout - SO RISKY
  • Getting another chance to get out BE, evena  small profit, and not taking it - CRAZY
  • Well deserved loss because I was holding for what I wanted to happen and not what the market was showing me
  • Not respecting that the market is always right and I was the one that was wrong
  • I'm lucky we weren't moving a lot of points today because I only lost $120 on 4 contracts
  • Traded this like 2022 Nate - STOP - CONTROL YOUR FUCKING EMOTIONS