Quick After Close Trade Checklist (Simple tick or cross for each) ● ● ● ● ● ● ● Was l in control or my emotions? Was l in control of my trading? At the beginning of todays session l was selective and methodological, after 12pm l started to lose discipline and become less selective in my setups Did l manage my risk correctly? I did except for breaking a large rule, overnight hold Did l stay with my winners? No, l left so much on the table trading PnL and not the process, something l must work on, do the right thing not the thing that gives you instant gratification Did l add to my winning trades when they started to work? No l did not, the trades l took didnt allow for these opportunities in my belief Did l have enough size on my conviction trades? Yes Did l break any of my trading rules? If so, why? I broke my 4 maximum stocks before 12PM, exiting at stop loss rules and holding overnight rule, apart from this for the majority l traded with discipline, this is something l will again take as a focus into tomorrow's trading Physiological Debrief + Daily Checklist How do you feel your mindset was coming into today? My mindset was relaxed and open to what the market was telling me (stocks in play). I feel l was alot more comfortable trading 2 stocks at match and 2 thereafter before 12 and only adding one A+ setups afterwards. I feel like this strategy will begin to feed my selectiveness and discipline in trading and will be interesting to see hows this plays out over the next few weeks How do you feel your mindset during your first few trades? My mindset was free, somewhat relaxed and patient, l didnt force anything and waited for opportunities to present themselves, l felt like if there was no setup l was happy to hold out or move along How was your mindset after closing your first few trades? My mindset was good after making a few early wins, l then was able to further relax and not have the anxious of looking for setups to claw back money How then was your mindset for the rest of the trading day taking into account the first few questions you just answered? I then took a loss which brought me to break even and l started looking for trades. This started making me a little impatient, it wasnt until later in the day that this became worse as l started to be affected by other traders in the chat. I must trade my own plan and not listen to plays called out that aern’t individually my own trades. The chat is useful for calling out IPOS, breaking news or mid session auctions and that is about it How do you feel about the day as a whole? What did you do well? What did you not like? What can you improve on? L liked my strategy today for finding stocks in play, look at the market overall for context to the stocks in play you are finding on your scanners, dont go placing your bias on the market after doing your review it should just be another variable to help with identifying your risk per trade/stock. I liked my news restrictions and l believed they helped be far more disciplined and relaxed during the morning and being able to fully focus on my stocks in play for any opportunities that presented themselves by coming an expert in that stock for the day Now let's differentiate…. What was your psychology during your winning trades? What was your psychology during your losing trades? What about your emotions and psychology that played out today will you take and learn from that will make you a better trader tomorrow? Fill in your Someka Stats COMPLETE Fill in your Trade Analyser Market Brief Asx Trading Den Template Sectors in Play Short Hydrogen and Airlines Long Financials and Consumer Defensive Long on Iron Ore at confirmation of Dalion and Gold ASX Day Overview after close Defensive Stocks performed the best on the day with Energy and Industry leading the way, tech suffered the most losses but still showed strength during market uncertainty Review and Playbook This is the most important step of the day, more important than the trading itself, this is what makes or breaks a trader and it is where you will learn Use Spark screenshots then answer the following: PLY - LONG ATH Sector - Down Catalyst - Ann 4C - - Why did you take a trade in this stock today? I traded PLY as it was opening at ATHs and had a good 4c and company updates report, the book on match was also setting up nicely, buyers entering and thin sellers - primed for a possible breakout What did the stock look like before the first trade was placed? --Chart (Add in Daily Chart and 2-3 Day Chart - 5min Candles with some notes) -- Tape (Review some tape of trades and explain the look of the tape) VWAP book - best opportunity of the day - sellers getting aggressive and a gap forming at VWAP - - - - - What was your plan before you entered the trade?On first entry was to buy the dip, this was back into VWAP, rather than exiting to early l should have used VWAP as my exit signal. The Second entry was for break of Intraday High and ATH, this failed om lack of volume and momentum and is a signal to look for in future when taking this strategy. Lastly was the aggressive sell down to VWAP for entry. This ended up being the opportunity of the day but l was too quick to sell after seeing the behaviour of the sellers in this stock all day, remember that the trade isnt to make gratification money it is to follow your process. Holding onto a winner until a Reason2Sell is something l must work on What made you enter the trade at the point you entered? I entered at all these points because they are strategies that are starting to work in these stocks in play, unfortunately there was no real volume in PLY and a seller who was looking to exit on todays news. Something l have now seen and will look out for in future Were you comfortable in this trade? Yes Did you stick to your strategy? If so, where was your stop loss and where was your take profit target? Explain the strategy here. If there wasn't one, explain why and also whether you could have done this to make this trade be even better? I did stick to my strategy throughout but could have made more reference to key levels and the overall context of the stock chart that day. In my VWAP buy l will have to work on making a variable checklist to sell rather than capturing profit at the first move away from VWAP Did this setup work? If so, what would you do to make it even better? There was a buyer at VWAP and these were the trades to be made for the day on PLY, these were he working strategies of the day but my execution was poor. The buyer wasn’t trying to break the stock out as they were smart to try to accumulate shares when traders were fearful What did you learn from this trade? I learn’t that an extra variable must be present when taking these strategies on a stock in play and that is VOLUME, no volume no trade. A rising stock on low volume means sellers are in profit and are also still in there positions and haven’t been cleaned out on the way up to help reduce supply as the stock rises, it also means there isnt a large buyer around. Volume increase and absorption at VWAP KNI - After Auction Scalp Sector - Flat Catalyst - Ann - - Why did you take a trade in this stock today? I traded KNI as it was a hyped stock with a catalyst - rock chip sampling with promising EV materials concentrations. What did the stock look like before the first trade was placed? --Chart (Add in Daily Chart and 2-3 Day Chart - 5min Candles with some notes) -- Tape (Review some tape of trades and explain the look of the tape) Buyers rushing in and gapping the stock prior to auction My entry point - KNI had pulled back from match drive and sold off heavily as match trades exited positions, risking of 2.20 wall l entered at 2.21 for a quick scalp on the bounce - - - - What was your plan before you entered the trade? My original plan was to buy match but after gapping too much a wanted to look for a level to get in after strength. I then found 2.20 to be a good level as KNI sold down so aggressively and there was bid support at this position. I also should have looked for the clean 2.10 entry as this level was drawn out in the morning as R1, level from yesterday What made you enter the trade at the point you entered? Purely Book and price action - 2.20 wasnt a key level Were you comfortable in this trade? No Did you stick to your strategy? If so, where was your stop loss and where was your take profit target? Explain the strategy here. If there wasn't one, explain why and also whether you could have done this to make this trade be even better? I didnt, i should have entered match as there was still retail follow through and this would have been the most profitable trade of the day in KNI, l also didnt enter on the 2.10 bounce which had been draw out in the morning as a key level, l think l may have been distracted in another stock, this is why minimising distractions is key in order to make the most of the stocks in play and play multiples setups in them as you become and expert with a better edge in the stock than most traders from the day Did this setup work? If so, what would you do to make it even better? This setup worked, making it better would have been to size up and also to limit order your offer in the book rather than market sell, but it was a quick book and the opportunity was only given to the quick. The better opportunity was the play thee more important key level of 2.10 as there had a cleaner bounce and was a slower tape with better R:R What did you learn from this trade? I learnt that stocks in play present multiple opportunities and it is my responsibility to execute on these with a process, if l am wrong l am wrong but they are good trades with a solid strategy, make as many opportunities in a stock if it is one of your 4 stocks you will be focussed on for the morning. This is why drawing out key levels and getting context on the stock is done as these setups can offer the best R:R EMS - IPO BTD Sector - Flat Catalyst - IPO - - Why did you take a trade in this stock today? I traded EMS as the book coming into listing looked good, a healthy amount of buyers and no aggressive sellers flipping the IPO. i decided i wouldn't participate in match but try get in at a better price. What did the stock look like before the first trade was placed? --Chart (Add in Daily Chart and 2-3 Day Chart - 5min Candles with some notes) N/A - IPO -- Tape (Review some tape of trades and explain the look of the tape) Book on Open - Entry - 23 - 22.5 was the trade to make the real BTD, BTD is buy the match price… - What was your plan before you entered the trade? My plan was to buy on strength after open. A buyer was present and the offers started to thin and there was little selling, l should have however entered under the auction price (22.5) this was the trade of the day - - - - What made you enter the trade at the point you entered? l entered due to a lack of immediate high volume sellers on the tape and bid support at 22.5 stepping up Were you comfortable in this trade? No Did you stick to your strategy? If so, where was your stop loss and where was your take profit target? Explain the strategy here. If there wasn't one, explain why and also whether you could have done this to make this trade be even better? I didnt l got in on match price instead of trying to enter under. Did this setup work? If so, what would you do to make it even better? The setup worked in the variables present but the only trade for the day was at 22.5 not 23. As l would have had to stop out two ticks under my entry, enter where the stock is broken and you will have no problem exiting. What did you learn from this trade? Trade a plan with a tight exit where you know you will be wrong, be patient, if you dont get your entry then the trade wasnt there and move on dont chase the setup as you will get shaked out if there is no immediate follow through ITM - Break of High Wall on Volume Sector - Flat Catalyst - N.A - Why did you take a trade in this stock today I traded this on Demos call out, pump consol pump, the stock had no catalyst which was concerning but was trending nicely and had good volume and clear tape, the lead into the break was nice and with thin sellers above the wall for a few pips profit. - What did the stock look like before the first trade was placed? --Chart (Add in Daily Chart and 2-3 Day Chart - 5min Candles with some notes) -- Tape (Review some tape of trades and explain the look of the tape) Bids riding all the way up to bid wall and not leaving a gap - clear aggressive buying - Gap above wall and also thin sellers - - - What was your plan before you entered the trade? The fact ITM was about to break ATH, fresh buyers, buying aggressively up to the 35c Wall, Gap above, thin sellers and sellers not coming immediately onto the tape and flipping What made you enter the trade at the point you entered? I entered at 34.5 being able to capture and take the small offer before the wall, l was immediately followed by a bid. Were you comfortable in this trade? Yes Did you stick to your strategy? If so, where was your stop loss and where was your take profit target? Explain the strategy here. If there wasn't one, explain why and also whether you could have done this to make this trade be even better? l did follow my strategy and l excited at a good price once l saw larger sellers enter on the tape at 36.5 and 37c, 36c ended up being the high of day - - Did this setup work? If so, what would you do to make it even better? This setup worked and had sound variables that can be spotted and found in future, making this trade better would have been to size up as big as responsible for the book. What did you learn from this trade? I learnt what a solid Pump Consol Pump setup looks like for the range break, i.e aggressive buyers upto bids (no unfilled between bids and offers), Key Wall, gaps in sellers above, thin sellers above and inactive sellers above AZL - Open Print Gap Fill Buy (PUKE) Sector - Up Catalyst - N/A AGM - Why did you take a trade in this stock today? I traded AZL due to its price action and volume/volatilty, which makes it an ideal candidate as a stock in play What did the stock look like before the first trade was placed? --Chart (Add in Daily Chart and 2-3 Day Chart - 5min Candles with some notes) -- Tape (Review some tape of trades and explain the look of the tape) Pre Entry - - What was your plan before you entered the trade? Buy the dip, this dip ended up being the opening print price for the day. What made you enter the trade at the point you entered? After the stock had puked through VWAP and continued puking toward opening price l was looking for a key level Were you comfortable in this trade? No Did you stick to your strategy? If so, where was your stop loss and where was your take profit target? Explain the strategy here. If there wasn't one, explain why and also whether you could have done this to make this trade be even better? Yes l did (Refering to Gap Fill), but l lacked discipline coming into the afternoon when a setup didnt present itself and there was no volatility and no clear - - direction. This trade was one of the best entries of the day, unfortunately l was too quick to take profit and flipped too early before letting the position breathe Did this setup work? If so, what would you do to make it even better? The setup did work and ended up being one of the best trades of the day R:R, l could have been much bigger in this trade having the 8.5 as support. What did you learn from this trade? I learnt that l shouldnt chase trades especially in volatile stocks on no news, be patient and look for the snap back entries for the scalp, Pukes are the best plays in these stock but you must have a wall to risk off and keep your best tight Playbook ● ● ● ● ● ● ● ● ● ● - What setups worked best today? Add any you think are worth adding to your playbook. What did the setups look like that worked best? Was there a catalyst before the big move in the best setup? If so we want the trader to replay this by archiving exactly what the stock looked like before the big move. Where could you have been bigger responsibility? What did not work today and should be eliminated? What stocks are you well? What stocks do not fit your trading eye from today? Did you perform better during the open, midday or close and what? Are you trading efficiently by adding enough liquidity? Are you bidding and offering to buy stock or are they just hitting the bids and offers? The latter is a bad sign of trading. Are you sticking to your strict trading rules and keeping your losses small? Overall how have you improved from today?
