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Trade Review

Trades for 3/6/23 -

  1. https://www.TradeInsights.net/Traders/PriceActionTrader1/Shared/TradeSummary/SPY/4602978
  2. https://www.TradeInsights.net/Traders/PriceActionTrader1/Shared/TradeSummary/SPY/4602982
  3. https://www.TradeInsights.net/Traders/PriceActionTrader1/Shared/TradeSummary/SPY/4602981

Summary -

Bad day today. Broke my own rules. Should have waited for the price to close below VWAP and 5EMA for short. All 3 trades that I took today were above VWAP and I took short positions. I need to get disciplined.

Mistakes -

  1. Played short position in anticipation as the price was approaching the supply zone
  2. Didn't go with the trend - I took short positions in an uptrend
  3. Short biased - Had already decided that I would take short positions so that biased my ability to judge the price action
  4. Didn't let price close below both VWAP and 5 EMA - I opened a short position when price closed below 5 EMA but it was well above VWAP.

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