Looking for some continuation of the rally since the cash open. Need to see a breakout above 3804 to confirm that, so I've got a buy stop in above that level with a stop just below the recent low and a target of 3820. If it doesn't trigger, all good. Will wait for a cleaner setup to develop. Max position size based on the current reward/risk is 6 contracts, but still trading small on my first day and waiting until my confidence is up a bit before moving to full-sized positions.
My trading plan:
My trade log:


Was long a total of 5 contracts w/ a cost basis around 3805. Had to step away for a bit to take a call --- the position went from green to red and stopped me out at my initial cost for a total loss of ~ $166.50 on the trades. Second position I've overstayed my welcome on. Going to have to get used to taking profits sooner and scaling in/out of positions as the market adjusts.

A problem I had as an analyst with longer-term positions is selling winners too quickly and moving onto something else.

Gonna have to find a balance here in this new timeframe.
take what you can, it may not be all but its better than being stopped out.
Finally got the breakout across all the indices. Long 4 total at cost of 3804.56. Stop remains 3799.75 but will move up shortly. Target remains 3820 on the continuation to the upside for the rest of the day.
Added another above 3804 and then got shaken out of 2 for a $16.25 loss. Still holding two with the original thesis and stop loss at 3799.75. This 3804 level is a big one and looks like the market may need some more time before getting above it. Holding two and will add on a 5-minute bar close above 3804. Watching for now w/ my 2 contracts long at an average price of 3804.38.
Got a bit antsy here and added 1 contract at 3802.75 before my buy stop kicked in. Currently in 3 contracts at an average price of 3803.92. Got my stop and target in. Now just waiting to see if we get that follow-through or if this needs more time before going.
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