After several inconsistent attempts over the past six months, I have returned to trading with a more deliberate approach. Today marks the first day of recommitting to the process.
Session Context
I opened NinjaTrader and traded on simulation. Initially, I experienced some hesitation while reviewing the charts, as I struggled to recall my prior notes and frameworks. However, after spending a few minutes observing price action, I began recognizing familiar structures.
The market appeared to be in a choppy condition, which I confirmed by comparing it with the previous day’s price behavior.
Trade 1
- Setup: Predefined with Fibonacci tool
- Context: Choppy market
- Action: Entered trade quickly
- Result: + $160
I later validated my interpretation of the market condition, confirming that identifying the chop was correct. This reinforced confidence in my read.
Post-Trade Observation
Shortly after, price broke below my Fibonacci retracement level. Based on this, I decided to pause trading and observe further price development rather than forcing another entry.
During this waiting period, I created a monthly performance tracking system. My rule: If I achieve 30 mostly profitable trading days, I will allocate more hours to learn trading after work.
Trade 2
- Context: Price approaching EMA 200 (anticipated resistance)
- Initial Plan: Long position expecting a bounce
- Revised Plan: Switched to short at a fair value gap (FVG)
 |
| Order fell |
- Result: – $155
This trade reflects inconsistency in execution. I changed bias mid-plan, which led to a loss.
Trade 3
- Setup: Entry at another fair value gap
- Execution:
- Hit Target 1
- Hit Target 2
- Eventually stopped out on reversal
- Result: Net profit brings total to + $360
Multi-Timeframe Analysis
Throughout the session, I referenced:
- 30-minute chart → Appeared bullish, but not convincingly trending
- 15-minute & 5-minute → Mixed signals
- 2-minute → Returned to choppy behavior
This inconsistency across timeframes contributed to uncertainty in directional bias.
End-of-Day Rules
- Maximum 3 trades per day
- Record outcome in monthly tracker
- Stop trading after reaching trade limit
Day 1 Summary
- Trades: 3
- Net Result: + $360
- Market Type: Choppy
- Execution Quality: Mixed
- Discipline: Moderate
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