September 4, 2025 (1 Trade) ($52.50)
Overall Grade: A-
Day Summary: Today started out as a snooze fest and I patiently waited without any desire to trade. I just kept reminding myself to only trade my system, even though there were a couple points where I made some mental guesses on the chart and considered entering. Still though, self-control prevailed and that is what is most important. I actually thought today might go down as another no trade day, but I then quickly got my set up, and executed on it, even though emotionally I did not want to take it. Once I was in, I was slightly uncomfortable, but the trade quickly started to go in my favor and I felt a lot better. I did a decent job at holding the winner but i decided to take profit because the morning had been so choppy prior to this. All in all, I took it back to the recent support so that is a solid trade.
DAILY - ES
5 MIN - ES
TRADES
Trade 1 - Short 2 MES @ 21 EMA Reject + Key Levels (Yesterdayh's HOD + PM Low + VWAP)
- executed on this trade because it was my system, emotions told me no - good
- good entry - 21 EMA + Key Levels
- trading in the direction of recent momentum - good
- easy to say after I should have held (6458.25 was initial mental target) but with how choppy the morning was and the fact that we were at 3 more key levels (Open price + Yesterday's Close Price + 30min target line) and retesting the recent low, I decided to take it off and that was probably the smart/conservative thing to do. This still ended up being a 1R trade, possibly more)
- I talk about needing to know the current market sentiment to help judge exits and considering how the morning was, I'm happy with taking it off where I did - good
- the new low just after I took it off ended up being the LOD so it was good to know the sentiment here