October 3rd, 2022 (+$50)


October 3rd, 2022

    -Today was what we call a "Grinding Green Day." This is characterized by heavy short covering by large position holders so the market does not reverse, but it also does not have very good sustained green moves the same way that the red occurs. What does that mean? When we are red we usually are dropping huge volume very intensely and it happens very quick so the returns are very good. When we have a Grind Green Day the green moves are in frontside channels rather than massive green moves that happen on high volume very quickly. This is MY ARCH NEMESIS trading day. I have many stats that back up the fact that on these price action days I lose the most amount of money possible. For example, last week I lost $200 on this exact same day. Ill post last weeks price action and analysis right here below this intro:

    -This was the day I lost 200 on Grind Green Day price action. As you can see we have a lower trendline that is quite extended from the true price action.

1yr:1d

1d:2m

1st Trade: Trend Reversal Short

Easy Money Trades of the Day:

 

Table of Contents
  • Loading TOC...

FAQ

A Grinding Green Day is marked by heavy short covering by large position holders, leading to slow, sustained upward movement in the market rather than rapid gains.

Traders often struggle on these days because the price action is less volatile, making it harder to capitalize on quick gains, which can lead to losses.

The author described October 3rd as a challenging day, noting that they lost $200, similar to losses experienced on previous Grinding Green Days.

Unlike red days, which feature rapid declines and high volume, Grinding Green Days have slower, more controlled upward movements without the same intensity.

The author mentions using trend reversal shorts as a strategy, but notes that these can be particularly challenging on Grinding Green Days.


Back to the post list  ⋅  0 comments have been posted.


Helpful TradeJournal Resources

Learn more about trading journals and how to improve your performance:

What is the Best Trading Journal?

Discover the 3 features that make a trading journal profitable: time savings, AI pattern detection, and free mentorship.

Free Trading Journal Template

Download our free Excel and Google Sheets templates to start journaling today. Perfect for beginners!

Free Pro Trader Call

Get a FREE 20-minute 1-on-1 onboarding call ($300 value) with every TradeJournal subscription.

Sample Toast 11 mins ago
tradejournal test feature