+106.50

Woke up late yet again, got to the computer at 9:26 AM. Was texting some chick into the late night (cant do this anymore)

I seen the market bottoming at 30D 50% retracements from lows to highs. Was also keeping the 20D 50% on watch as well.

The premarket low found immediate demand into the 9:30 session open print. I didnt want to obviously buy at the top of the range, so I decided to rigorously follow the entry system thats been working for me. and that M1 demand entries with limit orders This has been working incredibly well, as its been keeping my risk super super low, and reward very high. It also blends well into a nice balace/median between scalping and holding. 

I was targeting the entire gap fill, but noticed that we had the previous sessions potential demand turned supply above, also with another attempt at a bullish H1 pivot, which provided the entry yesterday as a bullish fakeout entry with H4 bear pivot stoploss.

Everything in terms of the entry was flawless, but one thing I did incorrectly was not properly sizing on the trade. The postion size calculator allowed for a 2 contract entry, but I decided to play it safe with a single micro. I walked away of the trade green, but left double and more on the table. The entry system that I have been using is working very effectively and next time the profit calculator tells me to size up, I have to have full faith in the entry.

We are now 25% to our required profit target for funding. Keep doing this everyday, journaling the good, the bad, the playbook etc, and you should have absolutely no problem becoming breakaway profitable this year.

ALSO ***VERY IMPORTANT***

These M1 demand entries have allowed for me to enter at the lowest possible risk I can achieve. We are recognizing through this that, its not about being right or wrong on the trade, but getting in at the LOWEST POSSIBLE RISK we can on every single trade. And this is the gamechanging mental shift into this trading year. LOWEST POSSIBLE RISK ENTRIES. That is all we can do. This is an R-Multiple game. As Umar always said. I am noticing that with some of these M1 entries, there are areas where im entering trades with what feels like virtually zero risk. And that is the golden ticket. These areas allow you to maximize size, heavily reduce risk and maximize reward. As as a day trader, thats all you can control. Risk Management, and utilizing your technical edge to increase your probabilities in the market.

Your win rate has also heavily increased with this system. (M1 demand entries). You have been trading in the realm of 70-75% win rate.

KEEP UP THE GOOD WORK!