Challenge RESET (Day 1-2) - 9/27 and 9/28

Hello everyone ! Welcome back to the challenge account. Took last week off the account , with the extra volatility , i wanted to play the shot side so waited it out to start again this week.


The rules will be the same as the last account , but will try to stay more limited this time -

- without breaking GFV's

- keeping commissions lower

- trading less not more , whenever possible

- playing the further out contracts


- last challenge 9 days growth :

1269.53 ----> 2002.74 (+58%) , and then account was locked

-but i did have a large drawback to end that challenge , being down 1k on the last day. Let's stay more consistent this time around.


Other rules can be found here : https://www.truetradellc.com/post/challenge-day-1-9-7



I won't be doing an in-depth recap off DAY 1 , But will go over DAY 2.


** THIS IS NOT FINANCIAL ADVICE**


**ALL TIMES BASED ON PST**


 

DAY 1:

New start Value : $1327.44

Close : $1366.75



DAY 2:

OPEN : 1366.75

CLOSE : 2118.59




CHART KEY :

GREEN CIRCLE = ENTRY

RED CIRCLE = EXIT

BLUE TEXT (any other color text) = WHAT I DID

ORANGE TEXT = OTHER TRADE POSSIBILITIES


PRE OPEN:


Pre-open gameplan heavily favored short side trades for the day

Had a few shorts on watch , but personally i just played continuation trades on NVDA and SPY , those were the only 2 i traded today.


TRADE 1: SPY

DAILY CHART


Key levels charted on the daily chart , highlighting overall trend , and what we were looking for off the open. Wanted to stay short on gap down , as wellers had taken control overnight.

5 MIN


Pretty simple breakdown , and easy to follow , all trades this time around revolved on the key daily levels. SPY chart is a little messed up time wise because TD AMERITRADE was having issue updating the price , why you see some missing times and gaps.


SATISFACTION : 5/5

- Satisfied with every single trade taken here , appropriate risks in place , followed morning play , and continued to take what SPY was giving me , which were multiple short side entries.



TRADE 2: NVDA

DAILY


Pinpoints key levels as well and why we were short biased off the open.

5 MIN


This one was a pretty simple chart as well , under key levels , utilized the daily levels thru the day as entries and targets. Could've also played long side at support , but kept with trend of day and netted nice gains :).


SATISFACTION : 5/5

Not much to say, followed plan , executed to perfection. No impulse trades, or no extra size relative to account. Followed game plan and happy.


OVERALL: Many times through the day i did think of playing some same weeks, primarily on SPY. I definitely could've done so with the easier setups , and probably would've netted some extra profit. But I had a goal going into this challenge , to stay light with same week, to avoid the higher commissions. So even though i saw the setups , i followed my plan , and didn't break my rules.



Ready for some more , and this time , no big drawbacks 😯



 

IF YOUR INTERESTED IN FOLLOWING ALONG WITH OUR SMALL ACCOUNT CHALLENGE LIVE , FIRST WEEK IS 100% FREE , HIT THE LINK BELOW TO JOIN NOW WITH THE FREE TRIAL;


@ https://www.truetradellc.com/stock-signals-membership or contact our IG @ (Truetrade_llc)



If you haven't already check our our free watchlist this week : https://www.truetradellc.com/post/market-watchlist-9-7-9-10 , already had some nice bangers 🔥🔥🔥


Have a wonderful rest of your day everyone, drop any questions down below !



 

Email: truetrade1313@gmail.com


Instagram: https://www.instagram.com/truetrade_llc/?hl=en


Website: https://www.truetradellc.com/


Twitter: https://twitter.com/TrueTradeLLC1


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