December 18, 2024 (2 Trades) (-$305.00)

Overall Grade: F

Day Summary: Man oh man. Totally fucked up today. But as always, it is all emotional. I took a C quality trade to start the day, which to be fair, I shouldn't be taking at all, but I did and I can understand the reasoning to it, but I turned it into an D- trade by not wanting to just accept that I was wrong on this trade and stopping out. So I held and held and held until I took a much bigger loss than neccesary by 10am. And then, if you thought it couldn't get any worse, I ate a gummy and then I took an F quality trade lol. Completely emotional, you can literally see it in the entries & exits and I even reversed my position at the worst time possible. This might actually have been my worst trading day ever haha. Not p/l wise, but execution and not following rules wise.

We then had FOMC in the afternoon and I was actually seeing the chart much better and with less emotion. I was leaning short, but was only able to make back $83 of the $300 I lost in the morning because I was trading in the red and thinking about damage control instead of what the chart was telling me.

DAILY - ES

5 MIN - ES

TRADES

Trade 1 - Short 3 Contracts @ Trend Continuation + Key Level

Grade: D-

  • C or less quality set up here so overall this trade should not have been taken and it was because of FOMO and not having had made money in weeks now
  • stop should have been a close above wicks from 9:30-9:35, but actually I already knew after the red candle close before the breakout that this was going to move up
  • had I gotten out there, I would have taken a loss but limited the damage and at least something I could live with .. but I decided to go degen mode
  • held and hoped even when i knew price action was telling me I was wrong and that this was going to keep going up
  • main problem here was that I just didn't want to admit I was wrong and I was willing to allow myself more pain bc "fuck it, it's punishment, i can afford to lose it)
  • ^^ bad, bad fucking mental state
  • this should have been my one and only trade of the day after breaking so many rules ... but was it (o_0)

Trade 2 - Long 1 Contract - REVERSE - Short 3 Contracts @ FOMO + No Set Up + Trading On A Feeling + Being a Fucking Idiot - Not Accepting A Loss

Grade: F

  • To be fair, which really means to make me feel better about myself, I had eaten a gummy after my first loss and it was just kicking in as we started to drop
  • so I got FOMO and decided to long a dip bc "we've been strong bullish and it can't fall this fast. It's trapping shorts!" Yeaaaaaaaaa .. no
  • immediately knew I was in a bad trade and then I reversed my position at the perfect low and started to add to it in random spots
  • no plan, just pure gambling in its ugliest form and not willing to stop out until I hit $300 loss on the day and that is exactly what I did
  • the good news is, this is not how i trade and I know that, this is just me trading emotionally bc I have struggled in december and all I'm thinking about is the money
  • here's a close up of the worst execution I have ever had as a trader ( Retail AF)

Retail AF (See Below)

- I know what I need to do. Just do it.