Shared by
BTradez
Monthly Goals
- Only place trades directly trading off of emotions
- Process, Discipline, Patience & Pre Plan!
Pre Market Watch List
Trade Report
All in all I think the trading on this was solid and as it stands now I'd take this trade again. Gave a really nice high volume slam through the DL off stuff from VWAP just couldn't make a new leg lower.
Curious to see at the end of the month what my favorite setups for Death Candles end up being. Right now I'm leaning towards the ORDC as well as the type of mid-morning slam that happens off of highs and changing trends.
Happy I took the trade as the thesis was there and I took a valuable lesson away as far as waiting to add to a winner and not doing it prematurely. I think this is a skill that I will gradually increase each trade and it was a good example of it for sure!
Areas to Improve
Wait for price action to confirm to add to a winner risking the consolidation level
Chart
Steve Spencer Benchmark
Took a Loss
Daily Psych Journal
Playbook Entry
Live Trade Recording
Video Trade Review
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-06 10:35:55 | LIFE | sell | $6.160 | short |
| 2020-01-06 10:36:14 | LIFE | sell | $6.160 | short |
| 2020-01-06 10:39:37 | LIFE | buy | $6.030 | short |
| 2020-01-06 10:43:42 | LIFE | sell | $6.170 | short |
| 2020-01-06 10:49:38 | LIFE | sell | $6.180 | short |
| 2020-01-06 10:55:03 | LIFE | buy | $6.290 | short |
| 2020-01-06 11:01:07 | LIFE | buy | $6.030 | short |
| 2020-01-06 11:26:12 | LIFE | buy | $6.100 | 0 |
Comments
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
suuup