- Only 2 trades today. Not really sure why I stopped so early. At least a long time ago I wouldve probably shorted this huge uptrend. Early on in the day I said that I wanted to go long at the bottom of the uptrend channel. See below
Micro: Uptrend (hit the channel perfectly today
- Today we hit that channel perfectly and I almost got long before PPI looking to hold for a big move and I had that idea spot on but I fucked up the execution yet again.
Intraday: Uptrend
Sectors:
Depth
- Extremely strong VOLD all day that got stronger and stronger with the ADD moving sideways then breaking out huge and the TICK being mostly neutral other than the +1000 values only being green ones.
Trade Ideas: B
- Today I had the right idea to go long but I was just so impatient with the trade and was scared to have a huge red day after being down 8 points nearly immediately. I give myself a B only because I had the right idea to go long and I had the right spot as well. Other than that I really messed up today. Execution was terrible and I didnt take the mid day stab at a long even though the VOLD was showing strong signs of trend day occurance and the sectors were ALL moving higher. The thing that tricked me up the most is the fact that the offensives were not that strong at the open and they were showing relative weakness. I need to be careful with how much weight I put on these things when I am not that well versed in their directional movement.
Trades:
1&2: Micro Continuation Intraday Continuation
Execution: F
- I did the same thing Ive been doing a lot recently which is overmanaging the trade. Yesterday I wrote up
- I wrote right there clear as day that I only get 1 chance on the trade I am intending to take. I failed this the very next day. Not okay.
- I couldve risked 8 points on the first entry and I wouldve made the whole massive move higher and I probably wouldve sold at 45 but if I was green and confident then maybe I wouldve taken that mid day long trade that I have seen occur so many times.
Mindset: C
- I got angry pretty fast after fucking up in a way that i should not longer be fucking up. I need to learn to relax and only focus on the next trade. We talked a lot on the pod about the importance of making sure you are clear as possible at all moments. I really should just start meditating while I trade maybe thats the cheat code.
