Monthly Goals
- Maintain an R level of $250 per trade on every setup.
- Add to a winner on every trade we get an opportunity to do so, we need to maximize.
- Continue to only place trades off of emotions as well as no more gray area trades. Clear cut playbook trades only.
- Continue to actively practice Process, Discipline, Patience, and Pre Planning.
- Entries matter - Fight for price
Trade Report
Executed per process really well, my entry IMO was SOLID. I did not chase this down and utilized a great fantasy order. I was able to find a solid risk level to play off of to get a good RR on this trade and actually make it worthwhile. I feel like I was level headed throughout the trade, operated my process like a robot and just traded. I could have had fantasies on the pivot and failed to use that information which I should have. I went to add after we got that wash and it took me like two minutes to talk some self into myself. We made new lows, the trade is over, just get out. We made 1R or $200 on this today, and this was a SINGLE. I will take these singles every day.
When we get the opp to add we will get bigger but for what it was we made the trade we needed to and did it well.
Really happy with how I traded this and making trades like this really shows myself I know what I'm doing now and can make money. The biggest key is to stay humble and not get greedy and break the process.
Areas to Improve
Identify better fantasy covers for the next leg down, support, half/wholes/ Pivots, search for info to use and be realistic.
Steve Spencer Benchmark
Ideal Entry: 3.37
Ideal Exit: 3.07
Max Size: 1000
Benchmark: $150
Hit or Miss: Hit
Pre Market Watch List
Chart
Daily Psych Journal
Playbook Entry
Live Trade Recording
Video Trade Review
Execution detail:
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