Daily setup: Preempt bull pennant breakout
Entry/play: bounce off 1 min premkt support
Management: Initial stop below day low. Came close initially. When it looked to make a new high, I added, and raised stop. It got so close to my p/l target and stalled, so I took part 1 off a few cents early. Second surge stalled quickly so I raised stop. 9:50 surge got to the $ target I see on the chart, but I didn't raise my stop enough. (at 10:15 it went back close to day lows)
Psychology: Good. Sort of frustrating to miss targets, but NOT frustrating to contain losses. Today, this was my piece.
Lesson: TAKE MY PIECE.
Popular Posts
-
Daily setup : volume gap above downtrend Entry/play : New high after pivot low Management : Trail stop. I didn't tighten near top, and...
-
Daily setup : Gap up, earnings Entry/play : Gaps up must sell off first. Identify pivot to trade against. Watch level2 for entry. Manageme...
-
Daily setup : Hammering on volume, still in this pennant I'm watching Entry/play : After ndh surge, bought in box. Way too early. Mana...
-
Daily setup : gapping above high downtrend Entry/play : postO, trading back above vwap Management : combination of targets and squeezed st...
