Daily setup: Gap up on news, into resistance, fade from premkt
Entry/play: tested high, few min base, shorted breakdown
Management: Initial stop above day high. Then trailed stop. I considered stop of .86 or .93. The .93 would have kept me in, but that gets back to picking good stops and honoring them. .86 seemed like a good point bc the level2 I watched for entry.
Psychology: Why short a gap up? I'll allow that for gaps into resistance and weak market conditions.
Later, after a struggle, this broke down like I hoped. But I traded the plan and that was the exercise of the day.
Take the small losses according to rules bc yanking stops is more harmful overall
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