Reviews of every trade are posted in the playbooks below under May 16th.
1. https://www.tradejournal.co/post/playbook-open-imbalance/
2. https://www.tradejournal.co/post/playbook-opening-range-breakout/
3&4. https://www.tradejournal.co/post/playbook-opening-range-hold/
5. https://www.tradejournal.co/post/playbook-intraday-continuation/
6. https://www.tradejournal.co/post/playbook-breaking-news/
What did I do right?
- I clearly Identified all of my setups in these trades. I think that is just an awesome change from not too long ago when I didnt have an example of each strategy. I now can create parameters for every single style and strategy. I think this is going to be a major game changer for me so that if I study every setup everyday I will eventually master them and they apply to all market and all conditions. I also traded a lot today which I think its good. I want to start doing more of the "if the setup is there take it" trading and the only way to not overtrade while doing that is to have a clear setup for every single trade. Every single one of my trades today were taken for a reason and those reason I was not wrong on. In every entry I had today I wouldve hit my target if I had zero stop. I just got skipped out on the execution of the trades. I think this is somewhat just the product of having a range trading day where the market just does not go anywhere and getting your trades in with concise entries and clear exits is nearly impossible.
What did I do wrong?
- I should just leave the days alone after 11:30 if they are still very mixed in terms of depth sectors and price action.