$SPX Trade on May 5, 2021 11:49 from Marius: Tradervue User Stock Trades.

Trade/Risk Management & Review

The trade was executed more in-inline with the design. It was not entered at the open but after the recovery from the LOD. This has been my largest drawdown in over a year. I let the trade work as it was intended to. This is a bit of a shock to me as I'm not used to seeing this large of drawdown as my trades are heavily discretionary executed.

I did have choice of a strike spread and this model is tested at 10 points wide at the least. The risk and reward was pre-defined. The model has a 80%+ win rate. The drawdown is acceptable against current capital and within ~1% of capital. I'm just not used to seeing this much of a drawdown and I'm adjusting to it.

I was able to continue and place an additional trade on while this was taking place. Another A+ playbook trade set-up and taken with higher conviction. I may have been on a little tilt but the drawdown punch kinda of woke me up in a way to really force me to recognize my own trade opportunities and really pounce on them. In the past similar instances has led to notable pivotal changes in my trading development thus far.

(Will be evaluating further use of the model and value to my business)