The following email made my day (and maybe my month)!
This is exceptional work. I can't fault any of his setups or entries. Brilliant.
What pleases me most is to see signs of real professionalism, such as a willingness to take a small loss and then re-enter. And confidence to change bias as new information comes to light; looking for a breakout failure but switching to take a breakout pullback entry when the breakout failure doesn't trigger.
And the breakout into a narrow range bar on climactic volume… that absolutely was sweeeeet! Love it!
Anyway… what's the point in sharing this? It's quite simple:
There is GREAT value in YOU putting together a similar collection of trades from your own trading. Call it a "Trading Success Journal"; a source of inspiration and motivation for those many challenging sessions ahead.
Here's the email I received…
Hi Lance, Happy new year.
Several months ago I had sent you some charts with the 3min setups on the left hand side and their triggers into those setups on the right hand side. Your gave me some really good feedback which was greatly appreciated. Since then I have kept a log of some of my better trades for future reference. This comes in handy when I'm in a slump and just cant seem to get my focus right or starting to have doubts in my methodology. What I do is I review all of my better than average winning trades which seems to give me a boost that brings back the confidence in my trading. I just thought that you might want to see a few of them since I know you love lower time frame triggers into the setup. Instead of sending you a bunch a charts with scribbles and notes all over them, I'm just showing you the actual trades including their triggers.
I absolutely love the YTC PAT methodology.
PS. Theses trades are all from the stock "SPY". Just so you know, 95% of the time I take my T2 targets above or below the 3min candle instead of a pre-defined area since I'm trying to get into habit of letting my profits run until the market takes me out.