Recent winners and better plans for entry

 Really bad past 2 days. Lots of trades, lots of red. Getting caught up in settling for less again. Going to review my wins this month, see commonalities, drill into stats. Come up with a plan for tomorrow. 

I dont want to say I dont want to look at my wins, but I already know what im going to come up with. Ive done it several times before and the answers dont really change. They are clean and clear, not fighting market conditions, above vwap. Tape and volume signals. Always better if the trade has a failed break the opposite direction first. Very near the HTF level/zone.

And no surprise that is exactly what I saw. Same side as vwap for every single one. All of them clean and clear with holding above/below the level. 

Because im having such problems lately, I cannot rely on myself to do the right thing without some guidelines. Im going to make a checklist of variables that need to be in play before I enter a trade.

Before that though, how many is enough? 3? 5? 7? And what types. Well good thing I keep track. And its pretty obvious.




Several things. 10star rated setups are the only setups worth taking. Period. Those I count in my head and add the variables. Tape,vol etc. D tags I count before the day starts, there isnt a clear pattern here but edge goes to the more the better. Intraday tags ive started tracking individually again. There isnt 1 specific variable that leads to better performance. 

However the MORE intraday variables I have, clearly the better my stats are. A minimum of 6 tags for best trades. 

So the checklist can start with minimums. 

-D tags do not matter. To a point but that point is not crystal clear yet. With better performance, clear plan of action I will have more consistent data to use and see if there is a limit. 

-Intraday tags matter most. Which ones specifically? All of them. No 1 single variable is making or breaking my trades. All of them as a collective is making and breaking my trades. No less than 6 out of 8.

   -Tape/vol/failure/marketcorrelation/MAs/RVOL/At vwap/ With vwap

-I will not be long any stock if market is trending lower. If its sideways or strong, the long is on. 

-Longs ABOVE vwap only. If not then range low must be there just under vwap.

-Shorts under vwap.

-HTF level/zone must be in play. If not then other trades only if stock has clear signs onf strength above, and have new levels to work with.


Now to organize it and make it sticky note worthy

-Must not be against market conditions.

-Must be at or very near HTF level/zone.

-Longs must be above vwap or just under. Shorts must be below or just above. 

-Must be a self rated 10/10.

-Must have at least 6 of 8 intraday tags. 


If the setup does not meet any of these 5 musts, there is no trade. I have to be more disciplined in my trading and this is a way to save me from myself from over trading and taking lesser setups. 









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