Monthly Goals
- Only place trades directly trading off of emotions
- Process, Discipline, Patience & Pre Plan!
Trade Report
This was a really seamless trade for me as far as getting in and managing it, covering recycling, etc. I felt perfectly comfortable, was not thinking, just trading. I knew what to do.
This IMO is what trading should feel like, stress-free, robotic trading that you know like the back of your hand's hand because it is YOUR PROCESS.
All of my executions IMO were rock solid and I crushed the Steven Spencer benchmark, my biggest issue on this trade was my "return". I failed to recognize the range I was trading in and was timid to put more size on and my attention was divided as well with XERS. Had I at least took a larger starter and was willing to risk on a price action confirmation I could have had a way better R return.
All in all great trade as far as execution goes and management, but need to improve on actual profitability and sizing.
Areas to Improve
Really hammer with the size to be within your risk threshold, this could have been a 1R or 2R trade, passing up a great opportunity here.
Steve Spencer Benchmark
Max Size: 200
Range: .15
Benchmark: $15
Performance: Good trade management
Pre Market Watch List
Chart
Daily Psych Journal
Playbook Entry
Live Trade Recording
Video Trade Review
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-07 09:33:30 | ADXS | sell | $1.370 | short |
2020-01-07 09:35:32 | ADXS | sell | $1.360 | short |
2020-01-07 09:37:09 | ADXS | buy | $1.310 | short |
2020-01-07 09:40:38 | ADXS | sell | $1.360 | short |
2020-01-07 09:46:14 | ADXS | buy | $1.310 | short |
2020-01-07 09:52:08 | ADXS | buy | $1.240 | 0 |
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