Trading Weekly Review: May 29

A particularly challenging week to determine an appropriate low time frame strategy. My weekly bias was short, mostly momentum. I tend to trade reversals, but dummy traded a handful of momentum shorts (all loses); need to build up pattern recognition.

On several occassions, I flipped strategies more than twice in a trading session, signalling the difficulty of navigating the current market environment. Two trades emblematic of this flip flop are:

https://www.tradingview.com/x/0tvFEaco/ https://www.tradingview.com/x/SbBYc3hj/

On a positive note, I did note several observations that I’ve noted in my consistency checklist to avoid trades with the following comments:

• “wait, unclear regime”,
• “insufficient regime duration”,
• “just puked or just sent”,
• or strategy changes more than twice in a session

My other trading insight include:

• Market structure trumps time (P4H, P1H, P15h) when drawing S/R levels, including when trades are invalidated.
• For MR strategies, I should aim for range extremities (even over time-levels)
• For stop-loss, I should aim for swing high/low (but should be at least 1% away from break even)
• I found myself straying from my rules when trying to trade momentum. Restricting myself to only Momentum Dummy trades this month.

Wins and losses are randomly distributed.

This week tested my appetite for losing streaks.

Finally, Trading and Investing are distinct activities, but the disciplined approach in trading should be imported into investing. More on that in the portfolio.