July 20, 2023 (1 Trade) (+$15.00)
Overall Grade: B
DAILY - SPY
5 MIN - SPY
TRADES
Trade 1 - Long 2 Calls @ Support + Key Levels (VWAP + PM Line) + Trendline
Grade: B
- entry at support - good
- following the trend - good
- longs were getting a bit sketchier today after previous 2 bullish days, that's why I scalped this trade
- took this trade without a proper target so I closed immediately
- stop was a close below the trendline but that could have gotten ugly quick and flushed to Yesterday's Low
FIX: Take trades with a pre-determined target or you don't really know your R
TAKEAWAYS: Following the trend really just makes it so much easier to win