Premarket plan: Not planned.
Entry level: Prev. Day Hi breakdown -$149.17-
Stop-loss: $149.30 (Non-taken)
Take profit level: $148.85
Second entry: Non-taken.
Plan respected? No.
What did I do different from my premarket plan? I didn't plan this trade.
If I did not followed my plan, what I could've or should've done differently? On this trade? Not to take this trade.
Comments: I got lucky on this trade, it wasn't planned at all. It was a high probability one, but high risk as well. 2:1 risk:reward profile on this trade, but never the less.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-20 09:34:31 | AAPL | buy | $3.250 | long |
2021-10-20 09:36:15 | AAPL | sell | $3.350 | 0 |
Thank you, I try to constantly upgrade it. Feel free to implement it on your notes and let me know if you find any way in how we can make it better.
for sure, I was using a more complex one, but that just led to not doing the basics right.
here is my previous one
what did I do well, poorly, and how will I improve right now?
mark all criteria that has been met
additional confluences on the setup?
what are some red flags?
Score:
Grade:
Risk Allocation (0 -> 1R):
where is our stop? at what point are we wrong?
under what conditions should we enter? how are we going to play it?
what's the objective plan for exiting?
when, where, how are we going to move stops?
I think it's very complicated due that much info it needs. As I read in a book: "The journal needs to be as simpler as possible, so it doesn't overwhelms the trader" (or something like that). But, obviously, what's best for you, it's what makes you feel comfortable.
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I like this simple template of reviewing the trade