NASDAQ breakout plan for NY open
Watching first 15m range break with volume confirmation. Entry only after retest and failed rejection. Risk fixed to 0.5R because volatility is still elevated.
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Watching first 15m range break with volume confirmation. Entry only after retest and failed rejection. Risk fixed to 0.5R because volatility is still elevated.
I moved stop too aggressively under local liquidity. Plan was valid, execution was emotional. Next time I keep stop at structure and reduce size instead.
1) Is setup A+? 2) Is RR at least 1:2? 3) Does loss fit daily max drawdown? If any answer is no, I skip. This removed overtrading in two weeks.
After two losses I entered without confirmation, just to get back quickly. It became the biggest loss of the day. Posting this to stay accountable.
I now split session into pre-news and post-news models. Curious how others handle sizing and whether you treat those days as separate playbook.
Scored my process instead of PnL: setup quality 8/10, discipline 6/10, exits 7/10. This keeps me focused on repeatability, not noise.
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