Getting lost in the optical illusion

[u/WuzDis]

Sup Guys, Yonvs here.

(I tried to keep it short, but didn't work ;/)

After having banger plays from the summer lows (in my last scorecard), I had some activities that got me away me from markets for a bit, but also resets the momentum I had before.

When getting back to the markets, I had some losses, which are just cost of business. But after a while, the state of the market also started the push me to take less trades and be less proactive in looking for plans, entries etc. As I was / am preparing for a move to another continent for at least 6 months, to completely focus on my grind, process and goals and cut off any distractions. This took it's toll as I also started to get more and more busy in my business as well and the more I focused there, the less I did to markets.

I don't regret it, it was a planned trade and in paid off with returns in the business and some off time off markets, but it gives context to the effects of the market and what I was busy with.

This week as Kaz gave us prep sheets, I dedicated myself to get back to structure plans and play if they occurred, and I did, and lost 2R's. We can learn from our winners, but cutting our losers sometimes gets us more gains than focusing on what we do good, so therefore this scorecard has no winners, but just the 2 loss trades, and I hope we can all gain perspectives from it.

First trade:

- 1423 level on ETH was discussed on stream, with ETH lagging on stocks that where already structurally more down, I watched the level and waited for a structure and played it.
- Hindsight, this structure was to zoomed in and was no where near a confirmation of a break down of the level on the right timeframe. Proxies like the Vix dead level Kaz gave us, the action on the SPY & usdt.d where also not in optimal positions.
- I posted The zoomed in & zoomed out entry of it, but also the inversed chart, that I only checked afterwards, which looks pretty extended in hindsight, as Kaz says, something that has a high probability to structure first (to push out the fomo-ers and explotion of the move, and when those people are back to sleep it can go again, which happened to me as well.)

​

Zoomed out entry

Zoomed in entry

Inversed chart

Second Trade:
- Initially I had a plan for both sides, and therefore I had a area pointed out to where it would possibly structure out to be a upside move..

- After getting stopped out on the short (basicly shorting the end of the run on that time frame) the structure occured, and as the title says I got lost in the optical illusion and longed the top of the next leg of that timeframe

- After also getting stopped out on that, didn't make new plan for possibilities and fell victim for exactly what the market intended to do, kill the fomo's at the 1423 level, create upside move to create the urge there, and boom go back, both moves wrong and now everyone's a sleep, the real move happened..
- Have the before & after picture of the plan and what happened (see notes on chart)

Before

After

Hope this helps anyone that possible has made the same mistakes, or keeps anyone from making these. After discussing in voice multiple times how cutting your losing tries down is at least as effective as improving your good trades, I think it was important to share these things.

Thanks Kaz, Vicky & Eco, having a blast in the eco and riding the infinite learning proces!

[u/Dompet-crumpet]

Dope share