Shared by
Cklamb
I tried to trade the early morning again and took bigger loss than I should have. I feel like I really need to work on this.
I will take the time to review to figure out what I f****d up on with morning desire to long this.
• Did not wait for candle change( this long would have been totally avoided.
• Tried to get off resistance becoming support
• Morning Bias was wrong
• Could have reduced risk with a play off the tweezer bottom
• Risk was outside of my new limit, needed smaller lot for this time of the day
I have got to find out what I missing. I need to quit trying to play for breaks above resistance. I am having better luck playing for the breaks of VWAP
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-05-09 09:49:03 | TPR | buy | $34.778 | long |
| 2019-05-09 10:35:44 | TPR | sell | $33.920 | 0 |
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