JE Trade on Jul 20, 2020 09:45 from slowelim: Tradervue User Stock Trades.

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slowelim

 

MTFA(entry, one lower than entry, two(or three) higher than entry):
2m, 1m, 5m, 15m, hourly
Market Cycle stage:
Stage 2 uptrend (demand/greed)
Macro & Micro Synchronization:
Yes
Macro trend:
Stage 2 uptrend (demand/greed)
Micro Trend:
Stage 2 uptrend (demand/greed)
Essential Pattern/Super play:
2m buy setup

Pattern Boosters(BT/TT, WRB/NRB, +/- VOLUME, EMA’s, Level (1/2) SUPPORT/RESISTANCE,
COC, RS/RW, MT, 50/100):

Bottoming tail, Igniting volume, 21 EMA, Micro level 2 support (Prior pivot high level acted as a binding support level) , + COC, Relative strength, Market timing, borderline 50% retracement. 8/9, extreme pattern boosting, 189% boosted.
Gap direction & Rating: '
Level 2 Gap up
Pro/Novice:
Pro igniting gap.

Gap Entry:
5m, 2m Buy setup, Breakout pattern, bull pennant or ascending triangle. < - Our long side trading pattern arsenal.
Trade management approach:
Our trade management approach was supposed to be 2R AON.
Strengths from today's trading:
-Extreme pattern boosting found within our trading setup.
-Didn't make any trades after 6:50 am.
Weaknesses from today's trading:
-Messed with my bracket order after executing the trade. (A big No-no when you have already predetermined the management approach as 2R AON.
-Considered re-entering JE after 6:50 am (a big no-no according to our plan).
How can you improve?
We can improve in the future by not messing with our trade setup. Have a plan, and trade the plan. If our initial trading plan was 2R AON, then we must continue on with the trade using a 2R AON management approach until due destination.
We can also improve in the future by SOH'ing after 6:50 am (Sitting on our hands, figuratively and literally.).
In reality, there is no perfect management approach (or a holy grail in trading, to be frank). In stock trading, the real holy grail is consistency, it is making the most consistent string of decisions in order to achieve trading confidence.


Execution detail:

Date/time Symbol Side Price Position
2020-07-20 09:45:08 JE buy $0.6434 long
2020-07-20 09:45:08 JE buy $0.6375 long
2020-07-20 10:34:42 JE sell $0.7017 long
2020-07-20 10:34:42 JE sell $0.7017 0


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