The Big Picture
SS.1) Did I determine the most important technical levels in the Market today?
SPY: yes
QQQ: yes
SS.2) Did I determine the relative distance of the market to the important technical levels?
SPY: spy was looking to be an inside day today. ended up moving below yesterdays levels.
QQQ: same as yesterday.
SS.3) Is the market trending up or down?
SPY: losing upward momentum, looking to pull back kkkto 20 EMA on daily.
QQQ: same as spy.
SS.4) Did I determine economic indicators for today?
fed speak premarket. bearish, pulled market down.
SS.5) Did I identify potential stocks in play?
Ticker 1: AAPL
Long Term Technical Levels: 233 yesterday close. gapped down on news.
Catalyst: iphone sales
Gap:-2.13 usd (-1.73%) gapped below yesterdays bulling wide range bar. had room to 20EMA on daily. clean candle.
Float: Large
Premarket Volume: 942 k
Short Float: na
Trade Review
Trade Recap:
Went for the 1 min OR breakdown. got in on the 1 min micro pullback. 47 seconds into the open. very little drawdown. and went down. took my first partial at 1R at 9:32:40, and 2R at 9:38:32… trade was over in less than 9 min. very clean price action.
Screen Shots:
Trade Grading Analysis
SS.06) Did I short resistance? yes.
SS.07) Did I long support? na
SS.08) After reaching Daily target (3R), did I not give more than 1R back? na
SS.09) Did I trade more than 5 trades today? no
SS.10) Did I stay with my winners? yes to target.
SS.11) Did I add to your winning trades when they started to work? na
SS.12) Did I have enough size at high conviction trades? yes. increased risk to 75 usd this month. will increase risk in november to 100 if i meet 10R gross this month.
SS.13) Did I enter my trade according to my Time frame in my trade plan( 9:30-11:00 am EST)? yes
SS.14) Did I trade in the trading days stipulated in my trade plan (monday-friday)? yes
SS.15) Did I trade my Asset Class indicated in my trade plan (Equities)? yes
SS.16) Did I stick to my risk value per trade ( 75 USD /trade Risk unit)? yes
SS.17) Did I stick to my daily draw down daily limit (2 R)? yes
SS.18) Did I sell 25% of position at 1R PT ?
SS.19) In case I did not stop out, did I set SL at Breakeven once I reached 1R PT? yes
SS.20) In case I reached 2R target, did I sell 25% of position at 2R PT? sold 75 as current hotkey.
SS.21) Did I trail out as best I could the last 25% beyond 2R? na
SS.22) Did I trade a setup documented in my trade plan ? yes
SS.23) Did I log my trade in trade tracking software? yes
SS.24) Did I log alternate Strategy in spreadsheet? yes
SCORE: 24 /24
Mistakes: None identified today.