Today ranks as one of the best sessions I’ve had since starting PriceBasedTrading.com.
E-mini S&P 500 Futures (@ES)
Came into the session looking for 17/18s to hold for higher (potentially 40+ breaking out of the triangle on the daily) and I get long twice right on the open and end up closing both for small/contained losses. Once out of those two longs, price drops to 13/14 testing the previous range where it finds support and bounces hard. I should have gotten long around 16/17 once I “saw” what was happening, but I think because I was down around $200 already I didn’t want to keep digging a hole… I shrugged off that idea and get long (in a bad spot admittedly) looking for the breakout higher. Now that 17/18 was cleared, I watched and waited for it to hold as support and then price began to breakout/climb higher. This is the longest time duration and point total winner I have had since starting keeping stats with TraderVue.
I kept trading despite being down $200 and ended up with the largest winning trade.. really good session in terms of mindset. I cut the losses fairly quickly and did a great job on the hold, though obviously there is plenty of room for improvement. I feel like my winning trades holding is getting better and better with each session now.
- New largest gain
- Average winning hold time increasing
- Average losing hold time decreasing
- Stats are generally going in the right direction now
Day’s PnL: $12.50
Very excited about how my winning trade hold times are increasing and about how the mindset/psychology is feeling when in winning trades… it is getting markedly easier. Still lots to improve on in terms of execution, but I feel like I’m making the turn in my trading.
Thank you for reading the review!
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