LAC Trade on Jun 27, 2022 10:52 from trackingtheprocess: Tradervue User Stock Trades.

No Setup on the Daily - Shouldnt have been in the trade. Closed this right away when i realized it wasn't a setup

Big-picture: Market – SPY and QQQ are in Bear marker in over year, with Growth being down more since the FED started pulling liquidity by raising INT rates aggressively. The market is repricing and finding a mean to trade against future earnings forecast.
China -Showing Relative strength to the US – after being in a bear market before the US and for a longer time.

Energy Crises in EU – Ukraine / Russia War: Fears for Gas Supplies for the winter – EU would need to ration.
The set-up: Range Break – MA : perfect example of style drifting – there is no setup at all on the daily
What I did Right: Did nothing right – there was no setup on the daily at all – no tight days – no MA nothing.
What I did Wrong: Not sure why I was on this trade – There is no setup on the daily.
- Didn’t trade it correctly
- Over size
- No trade at all
- Not prepared
Where I could improve: The same thing repeats over and over – That is being prepared – you need to get prepared for the trading day and not just randly getting into position with no reason.
Another stock that had no setup on the daily – but just daily buying.
Lithium is part of clean energy trade. But at the moment its extremely difficult to mine lithium.
Trade grade: Zero