S&P 500 Long — 2024-01-11
The objective is not to grade the P&L. It is to grade the decision.
Charts
Trade Review
1/11/24 #SPX SELL Setup Looked for price to hold the M/Y and hold above the 1m+VIB. The trade was not in line with the actual move of the day and the better buy came around 1pm. Overall, today was setup to sell off as it dropped pretty hard today.
Entry: 4775.20 SL: 4767.64 Targets: 4783.98, 4790.98, 4850 Risk Off: 4782.70
Good: Being Able to see that I was not in the right direction or that I was early in considering this setup. Once I saw the setup was early, I was able to make a decision to exit at a good time.
I showed perfect patience with waiting for price to reach my POI, checking the LTF and the HTF, waiting for the candle to show me my entry, and entering my trade with the right size for the given trade.
Bad: I did not follow through with my targets and my partial completely. I took 90% off pretty much at my 1:1 area but I could have let it run a bit longer although, my overall decision was correct. Price then hit my BE.
Chart Links
Cory publishes the working thesis before the session, not after — this Playbook and Trade Review are part of that same documented process. No signals, no highlight reel.
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