May 19, 2026 (-$70.00) | Followed Rules At Least


May 19, 2026 (2 Trades) (-$70.00)

Overall Grade: B-

natemadden1994-note-2026-05-19

natemadden1994-note-2026-05-19

Day Summary: Damnn, well that's two days in a row where I had the right idea but wrong timing. The good news is that I have at least been on the right side of the market, which means I am at least reading the price action correctly, I have just been getting manipulated out before the move. Even though I have been struggling recently, I remember always being on the wrong side of the market in the old days, so that is still progress. I did have a impulsive revenge trade on Trade 2 today, but both trades were still technially my set up and I was trading in the direction of the overall trend which is good. I also followd my Two Losses And Done Rule, which was difficult but necessary and I am proud of that, especially considering my second loss came before 10am. So really, the only part of today that I can't be content and proud of was jumping into Trade 2 like that (see below) because that was just an unnecessary give away of money. Otherwise, I followd my rules and my set up and I can be content with that! Overall, good job!


DAILY - ES

natemadden1994-note-2026-05-19

5 MIN - ES

natemadden1994-note-2026-05-19

TRADES

Trade 1 - Short 1 MES @ 21 Ema Trap + Right Idea, Wrong Timing + Bullshit

Grade: A-

natemadden1994-note-2026-05-19

  1. trading in direction of the trend - yes - good
  2. playbook set up - yes - good
  3. aggressive and slight FOMO entry but it wasn't unreasonable to the point where it severely affected my R
  4. good job holding winner - no reason to close this trade at LOD, although once it wicked I was pretty sure it was going to bounce and stop me out but I stuck to my plan instead of going BE and, over the long term, that is the right thing to do
  5. of course went to target (7373.50) just a few mins later after manipulating me out lol
  6. content with this loser


Trade 2 - Short 1 MES @ 21 EMA Trap + Impulsive Trade + Frustration + Revenge Trading

Grade: C-

natemadden1994-note-2026-05-19

  1. trading in direction of trend - yes - good
  2. playbook set up - yes - good
  3. entry at key level and set up - good
  4. entered mainly on impulse out of frustration that it had just went to planned target of Trade 1
  5. knew that was a viscious pop off demand, and that it was a subpar set up, but i was impatient and revenge traded - bad
  6. this did end up going lower, but because I allowed myself to revenge trade, I had already hit my two losses for the day

*I'm very proud I followed my Two Losses And Done Rule especially since I really wanted to take another trade, and that I was trading my set up in the direction of the trend, but now I need to remind myself to work on the revenge trading going forward. Continuing following rules, and allow the market to call to me on another set up instead of trying to force the market to give me an opportunity*

Table of Contents
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FAQ

The total loss for the day was $70.

The author followed their 'Two Losses And Done Rule' and traded in the direction of the overall trend.

The overall grade for the day was a B.

The impulsive trade was driven by frustration after the first trade reached its target.

The author plans to work on avoiding revenge trading and allowing the market to present better setups.

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