Daily setup: long term trendline break
Entry/play: surge, pullback near VWAP. I entered wrongly. I tried to preempt the VWAP bounce and priced it with the money I had left to trade with. I should have waited for stochastics to cycle all the way down. If I had, I would have lost less or I hope I would have seen the dip and passed altogether.
Management: first stop was sort of random, since I didn't buy against a decent pivot. Second stop was against a pivot buy my trade trigger was set wrong so I sold it even farther down.
Psychology: first trade today was huge winner. I went small into this one by force of funds availability, but I should learn from that lesson, after an amazing trade, go small and don't ruin the day. I got what I deserved here for playing it wrong. I'm just glad I didn't ruin my day bc of it.
Popular Posts
-
Today what I needed was a day to calm down. The past several weeks everything clicked and I definitely got over-confident. I was trading too...
-
File under: Lessons learned a thousand times, but never ceases to amaze me... When I keep my losses small and keep my attitude confident the...
-
MRNA!!! I had a small, rational opening trade on SQ for +26% on the front 2/3 and flat on the back. Then MRNA. I got calls. Then it dropped ...
-
90% off sale at Apex Trader Funding so I grabbed a few accounts. Let's see how I make it through the evaluation/qualifier. This would be...