December 30, 2024 (+$87.50) - Sniped The Trap Entry

Lesson/Review

December 30, 2024 (1 trade) (+$87.50)

Overall Grade: B

Day Summary: Today I started the day by firing off a couple not so good trades on the eval account (a bad habit I've gotten into already with them because it puts me in a FOMO trade mentality) but I was able to pull it together and wait for a decent set up which I did execute well on. I waited to see the market moving towards one of my 4 Targets and then waited to find an entry to get in. I saw a quick Trap entry and decided to get aggressive with the entry and I sniped it. I then proceeded to manage the trade well. let's take a look below.

 

DAILY - ES

5 MIN - ES

                                                                                TRADES

Trade 1 - Long 2 Contracts @ 4 Targets (30 Min) + Trap + Intuition

Grade: B

  • Waited for market to start moving to one of 4 Targets - good
  • trading with current intraday trend - good
  • buying at support - good
  • no entry set up - risky / not ideal (but trading in the direction of 4 Targets helps make it less risky)
  • managed the trade well
  • held winner pretty well, scaled off one and held the remaining contract for a few more points
  • target was 5952 and it did eventually get there but I thought for this quality of a trade (B) and the day (and it being a holiday week) I decided to lock in the profits
  • overall I was happy with this trade

 

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