1-3-20
AIS 0805, 7 hours, 5/10
PAT: Setup Grade ... Trade Management
Notes: Have my If, Then ready for my main watch list...
LB
PB#1.1 PB#3 ... got chopped up on this and was trading the open bad.... in the last few days I have been trading the open poorly and this was no exception....
-1R
JD
PB#3 .... first entry was break of the 9ema with momentum in the price action..... There was negative news on Manufacturing and SPY and all stocks were plummeting and this was my Reason2Exit.... the second trade I reentered at the same level with a stop below VWAP... all partials and Adds were from price action..... the Adds at 12.20 , 12.25 and 12.35 were all taken from price action also but in hind sight these were added on a stock that was already extended and I should have just taken a partial at .50 instead making myself money instead of adding in till I got stopped out at BE for the Adds.... there were several spots bfore these that I should have added on...
+3.5R
Cons: Took pre 5min trades and have been trading bad in this time frame.... End of my JD trade was bad with the add in on an extended move...
Pros: did take small size in the beginning of the day..... Very happy with the overall trade on JD ...
Playbook Trade: JD
Notes: Will take out pre 5min trades from the Playbook for awhile....
Rs: +2.5