Daily Score: -.333

Batting Average: 61.54%
Full Stop %: 30.80%
EpT: 1.00
 
 
Overall, I feel as if I traded well today. I implemented the changes that from yesterday and feel as if I was much more patient overall. However, my last 2 trades of the day were very impulsive and after analyzing them, I honestly can’t find 2 good reasons for entering them :-/

On such strong trending days like today it is best to just keep shorting rallies until you get abowerful & definitive reversal signal on the 15 or 60-minute charts. Such a signal never came today. But I still found myself having trading 8 out of 13 trades to the LONG side! That shows my counter-trend bias which I grapple with daily. Were it not for those last 2 trades of the day, I would have been profitable counter-trend trading too.

The breakdown from this morning was a beautiful trade though which I’ll highlight in a few minutes when I post the Trade of the Day.

As I’ve finally decided to stop fighting my tendency to be a trend-trader versus a pure scalper, I’m going to need to make some adjustments to the Daily Score paremeters so that I am better able to use it when analyzing my performance. Because in trend trading, my batting average is lower than in scalping, which has really been causing it to be much lower than normal.