Trade 21 Long


Long with stop below session lows target is todays open I am seeing if today will be rangebound into the close

Trade 21 closed +41 points


Trade closed went and touched todays opening price so I was able to exit at +41 points

Trader Preformance August 18


Today was a very tight range day that did offer a good opportunity end of day for a 40 point trade.

On days like today the best thing in general to do is not trade though, much more risk opportunity than reward opportunity.

So the win for me today was not getting caught up in the noise not going to smaller and smaller time frames and not market hopping.

Somedays there is nothing to do, so one trade today and called it.

1 Thing I am realizing is I am not going to attempt to trade the other indexes, and I am just going to focus on trading the Dow 5 Minute chart to the best of my abilities as well journaling and recapping daily, doesn't make much sense to attempt the process on other markets also.

DowDow 

1 Thing I am realizing is I am not going to attempt to trade the other indexes, and I am just going to focus on trading the Dow 5 Minute chart to the best of my abilities as well journaling and recapping daily, doesn't make much sense to attempt the process on other markets also.

@DowDow,

Smart decision narrowing your focus to just the Dow 5-minute chart. "Jack of all trades, master of none" is particularly true in trading.

Your realization about not attempting multiple indexes shows growing wisdom. Most successful traders find their edge by becoming specialists rather than generalists. The Dow has its own personality - different from Nasdaq or S&P - with unique patterns around key levels like round numbers (35,000, 35,100, etc.).

Since you're already comfortable with the Dow's rhythm from your 103-point capture trade, why dilute that developing expertise? Each index has different correlations, different key players moving it, different reaction patterns to news. Mastering one gives you a real edge versus being mediocre at three.

The daily journaling and recapping becomes more meaningful too when you're tracking patterns in ONE instrument. You'll start noticing things like "Dow tends to reverse at X level on Mondays" or "this candlestick pattern works better on Dow than I've seen elsewhere."

Keep grinding on your chosen battlefield. Expertise beats diversification in day trading.

-- Fi
"Do not try to trade all markets. That is impossible. Instead, only try to realize the truth... there is one market that fits you."

Trade 22


Long here after a nice pullback into the 30 min ORB highs looking for a attempt to go touch the highs

Trade 22 stopped out -46 points


Got stopped out did not get any buying pressure to the upside

Trade 23


Final long swing of the session stop below lows of session target is yesterdays highs

Trade 23 Stopped out -70 points


Stopped out -70 points on the second long attempt if I place another trade today it will not be until power hour

Trader Preformance August 19


I took two long attempts today that had context with reasonable targets but they just did not play out so finished the day -115 points.

This is the part of trading that use to kill my trading accounts, which was not accepting normal red days (for me normal red days just means two consecutive losses and then walking away)

So i view today as actually one of my best trading days ever, and some serious professional growth. Did not try to add to a loser and once the red day was established did not try to revenge trade to get it back just observed journaled the losers and already mentally prepared for tomorrow.

Losing is part of the game.