In early April, my trading account was around $350. Over the last few weeks, I have been practicing The Strat, and I found my way to Jim Bradley. I had a solid start last week, and I have decided to share my trading here.
Today's trade was a long in QQQ; it was a loser, but a small loss of only seven cents per contract. I will provide my analysis and provide some critique of myself as well.
First off, QQQ has been one of Rob's strongest names this month, as it comes off a "hammer counters shooter". The full time frame continuity should stand out to anyone familiar with The Strat. Here it is:
The month is 2u on a hammer counters shooter, the week is reconfirming the new highs, and the day is an inside candle that has broken to the upside.
Here is today's 1-min chart:
My entry occurred two candles later, where I have the letter "E" written. It occurred two candles later because I usually like to see a small break of the previous candle to confirm that the trade is actually moving. The trade reversed on me pretty quickly, and because I had created a setup with a naturally tight stop loss, combined with Trade Unafraid's automated exits which are blazing fast, I was able to get out with a very small loss.
In addition, a video showing Trade Unafraid executing this trade in action. As mentioned before, these micro losses only occur for me because I have software that trades with algorithmic precision and speed and with perfect discipline.
The material and results shared in these posts are made possible by using Trade Unafraid. Trade Unafraid evaluates personalized criteria and selects the most favorable option, allowing traders to come out on top. With a “hands-off” approach, Trade Unafraid intelligently navigates the bid-ask spread and gives users the power to place “conflicting orders.” By fully automating trade entries and exits while still allowing you to manually override anything, Trade Unafraid compels user discipline and adherence to strategies.
Shoutout to @RobInTheBlack. I will never see another chart again without seeing #TheStrat. See More.
And, shoutout to @_JamesBradley__ whose approach to trading has made a tremendous impact on how I trade. See More.
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