September 19, 2024 (1 Trade) (+$98.75)
Overall Grade: A+
Day Summary: Another great green day, not only because of the p/l and that my one trade was a dubb, but mostly because I followed all of the habits that a CPT follows! I waited for my set up, accepted the loss and held my winning trade. AND I FUCKING ADDED TO IT! Even though I only entered 1 contract initially so I was at half size, it's still an add to a winner in a great spot. Another big win for me today is that during the beginning of the session, I had a couple opportunities that worked out but were based on intuition alone, no set up. I knew I was seeing the chart well on the day, so I just had to wait for a set up. I was patient, and I got that set up and I fucking nailed it!
DAILY - ES
5 MIN - ES
TRADES
Trade 1 - Long 2 Contracts @ 21 EMA Trap, TRAP + Key Level
Grade: A+
- going with current intraday trend - good
- entry at a key level - good
- entry was fairly aggressive so I only used 1 contract (not a proper 21 Ema Trap set up)
- great job holding winner (OCO's are helping a lot with that)
- knew were target was and didn't move it, accepted the risk and let it ride
- after initial push and second pop, STOP got moved to BE
- Great great add on this trade!
FIX: NOTHING!
Emotional Takeaway: Biggest takeaway from today's session is that I recognized that i was reading the chart well in the morning, by seeing a couple intuition plays work out in front of me. Instead of getting FOMO and forcing a bad trade, I conciously reminded myself that I was seeing the chart well, so all I needed to do was be patient and wait for an actual set up. That is the approach I need to take into every day of trading!