Chapter 2 Trading journal #70–04/18/2019 + $32

Daily Overview

• Was not able to progress in terms of PnL after 12 o’clock. Recognized it and scaled down into the close. It was important for me to remain calm, focused, and self-aware throughout the day. Did it fine.

What to work on

• No frontside shorts. First, recognize it, and then decide if it is a good opp to go long, But this is not short.
• Wait for the retest to add or take an entry on the way down. If there is no retest and it goes without me — this is ok.

Trading Overview

UXIN -$32

#1 should have gone long off the bid of 400K

#2 All the entries after 16s were lifted were unnecessary

Memorize this pattern = Do not add when the middle range is broken and there is a buyer who holds the wick. I saw this pattern before and need to remember it for the future. A lot of times when it happens there are offers that add confidence to get short on top of the range = This is Trap