September 4, 2024 (3 trades) (-$52.50)
Overall Grade: D+
Day Summary: Today was my 3rd red day in a row, however it is more like 2 days because my first of the 3 red days was basically a scratch day that wiped out only the profits from the last green day I had. Today was a better day than yesterday, but I still lacked discipline today and didn't take A quality set ups. I was OK with the trades I took today compared to yesterday's trade, and the red day today was just about what my average green day is so that is manageable, but it is still very frustrating to be back at square one. However, i have done it before and I will do it again because I know what was working during my recent green streak. Time to reset and find an A quality set up to get me back on the right side of the charts.
DAILY - ES
5 MIN - ES
TRADES
Trade 1 - Short 2 Contracts @ First LH Reversal + Key Level
Grade: C-
- fighting the trend - bad
- however, this trend did seem weak, so I at least waited for a playbooked setup which is better than what i did yesterday
- decent key level to assist the set up (yesterda's close)
- I did recognize we set a HL on the first green candle after my entry candle so for an aggressive reversal trade like this I should have stopped at that candle close
- STOP was initially HOD Break / close above Key Level but I gave it one more chance because the nextc andle opened red, stop would have been if that candle turned green
- After that, STOP became new HOD break which I stuck to, especially since 10am 3 star news was just a couple mins away
- I wouldn't have held through news but just for fun ... here was the result (see below) lol
**notice 3 star news candle react with open demand retest**
Trade 2 - Long 2 Contracts @ No Setup
Grade: D
