July 13, 2023 (3 Trades) (+$15.00)

Overall Grade: 

DAILY - SPY

5 MIN - SPY

                                                TRADES

Trade 1 - Long 2 Puts @ Resistance / Top of 5Min Channel

Grade: B-

• fighting the trend (from PM and the open) - bad
• entry at resistance - good
• multi-factor trade (5min channel kinda sketch)
• stop was close above high
• target was VWAP (would've gotta out close) but I covered instead bc Im a bitch - never would have been red on this trade and would have gotten target

FIX: Hold winners. Don't fight the trend. Trust your analysis.

Trade 2 - Long 2 Puts @ Trendbreak Retest / Resistance

Grade: B+ for set up, D+ for management

• entry at resistance - good
• multi-factor trade
• idk why i was sketched on this trade and i covered 1 contract as soon as I was green
• stopped out before I was even red - stop was a close above the trendline or HOD - whichever hit first
• target was VWAP - would have hit - thats why we hold winners

FIX: Trust Your Analysis. Hold Winners.

Trade 3 - Long 1 Put @ VP Resistance and ADD strong red

Grade: B-

• entry in the middle but VP was acting as a resistance
• multi-factor
• following the recent range direction but going against the trending direction that brought us into the range
• entry was after 4th attempt at breaking the low, more likely to break on another attempt with strong volume packed above
• held well even though I was scared of a bounce
• exit was on "trick candle" before actually sell through but I'd say exit was conservative for this trade
• I almost added on this trade 2 candles after entry but bitched out

FIX: Try not to trade ranges in the against the direction that brought us into the range (PM today since range was right at open)