April 21, 2026 (-$32.50) | Following Rules (First Ever Review In Grand Turk)


April 21, 2026 (2 Trades) (-$32.50)

Overall Grade: C+

april-21-2026-32

april-21-2026-32

Day Summary: I'm not 100% sure, but I think this is my first ever trade review written in Grand Turk. Kinda sad to say that but it is a crazy lifestyle here haha. Anyways, in terms of how trading went today, I did not perform my best but I managed to follow my two loss and done rule which helped me limit the damage for the day. That is a super important takeaway from today. There are always more days to take advantage of opportunities. Today I was not on the same page with the market, but following my rules allowed me to live to fight another day where there will be an opportunitiy I am more in-tune with and can make up the small losses from today. Trade 1 today was my setup but it was subpar due to me ignoring price action; thankfully I stopped out where I was supposed to. Trade 2 I kinda forced, but I did have the right idea overall in mind, I just wasn't patient enough to wait for the market to show me it was ready to make the move. Especially going for a short in this bullish market, I really needed to see price action correlating with the move, not just using order flow alone, which is how I got baited in to my second trade today before it was actually ready to go.


DAILY - ES

april-21-2026-32

5 MIN - ES

april-21-2026-32

TRADES

Trade 1 - Short 1 MES @ 21 EMA Trap + Subpar Set Up + Fighting Price Action

Grade: C+

april-21-2026-32

  1. technically my set up - but definitely subpar
  2. trading in the direction of the trend was good
  3. but ignored price action into actual set up
  4. swept Asia Lows
  5. entry was okay and stopped out quickly - good


Trade 2 - Short 1 MES @ Bias + No Setup + Order Flow Trap + Right Idea, Wrong Timing

Grade: C

april-21-2026-32

  1. fighting price action - bad
  2. no set up - bad
  3. order flow trap - read it right (Right Idea, Wrong Timing) but I need to be patient and wait for price action to confirm the market is ready to go
  4. a bit of revenge trading here
  5. stopped out quickly because I knew I was position against price action - good


Takeaway:

  1. When you spot an order flow thesis on the DOM, be patient and allow price action to confirm that the market is ready to make the move
  2. Following my Two Loss And Done rule protected me from doing more, and unnecesary damage to myself today. I don't have to immediately try to make the money back. Come back on a day when you are more in tune with the market.
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FAQ

The 'Two Loss and Done' rule is a trading strategy that limits the number of losses a trader will take in a day to prevent further financial damage.

The author faced losses due to ignoring price action and forcing trades without proper setups, leading to poor decision-making.

Price action is crucial as it provides real-time insights into market movements, helping traders make informed decisions rather than relying solely on order flow.

Traders should take a step back, reassess their strategies, and return on a day when they feel more in tune with the market, rather than trying to recover losses immediately.

The overall grade for the trading performance on April 21, 2026, was a C+, indicating that there were areas for improvement despite some adherence to trading rules.


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