July 5, 2023 (1 Trade) (-$37.00)

Overall Grade: D+

Day Summary: One and done today as I was trading from NY - 35min+ hold





Trade 1 - Long 2 Puts (no set up)

Grade: D+

  • poor-rushed entry based on 15min channel (not my set up)
  • This was also a single-factor trade, based on something I don't even trade
  • covered 1 contract at breakeven (accidental click) but felt better about risk after that
  • added 1 contract short at resistance (that's where a put entry should have been if you were going to play puts)
  • fighting the trend ^^
  • didn't stick to rules on stoploss

FIX: Don't trade a single-factor trade. Don't trade a no setup. Don't fight the trend.


Takeaways: Only trade setups with multi-factors