August 17, 2023 (2 Trades) (+$18.00)
Overall Grade: B-
Day Summary: Today was a decent day as I only took 2 trades. The first was a loser but i finished the day green because my 2nd trade was a winner that was almost 2x my loser (not including comissions). I was however dealing with a super TOS lag during trade 2 and I still managed to hold for a nice winner.
DAILY - SPY
5 MIN - SPY
TRADES
Trade 1 - Long 2 Calls @ No Set Up
Grade: C-
- this trade was unnecessary
- poor entry (middle off morning consolidation) - trying to buy the pullback of a morning reversal
- traded with a long bias
- fighting intraday trend
- stop was a close below low blue line - didn't stick to it but got out on a green candle at least
FIX: Just don't take this trade. Enter at a level of proven support (calls)
Trade 2 - Long 2 Calls @ PDC (10am Hour Reversal)
Grade: B+
- calls at support - good
- fighting the trend - not ideal
- held winner very well even with a severe TOS lag
- first exit is a good spot for partials because of prior consolidation support
- 2nd exit is beautiful
FIX: Restart TOS when it's lagging before you take a trade lol