12-23-19
AIS 0800, 4 hours, 6/10
PAT: Spread.... FOMO/Overtrading.....
Notes: Be careful of my Bias.... Tighten up on trade quality....
JD
PB#2.... three tries all failed... got caught in the chop... first one was a terrible entry and trade... second and third was the reclaim of VWAP but both failed.. looking back this is in a chop....
-2.6R
ITCI
PB#2 & PB#3
First was false breakout on the 2min and only barely closing below VWAP on the 5min.... I took profit with scared money and set a hard stop at BE (I was also in a JD trade here but with how volatile this was I should have let JD have the hard stop and keep this on my main) this should have been my only entry....
ITCI was so volatile I traded it scared and left a ton of money on the table.... even though I made money on the day I am not happy with my trade management .....
there was no reason to sell or take profits on ITCI until 1020 on the pullback on the 2min and this should have been my first partial..... I am supper bummed that I managed this trade so poorly... even though I do not look at my P&L I knew about where I was at and was just locking up last weeks lost.....
+5.3R
CONS: stayed Biased on JD.... Bad management on ITCI
PROS: Did stick with my main watch stocks and it paid off....
Playbook Trade: ITCI
Notes: Managed my ITCI trade very badly.... Even though I am in the Green today I do not feel like I did well and do not feel as good as a day that I traded well and lost 1R, guess that is progress.....
Rs: +2.6