Was looking for the g&c reversal pattern; really liked the pullback pm which will attract buyers/dip buyers and deter shorts from attacking it too hard; made sure to not chase as I wrote it on a paper next to my desk and also tried my best for a good entry with good r/r. I sightly forced the trade out of patience and the chart look to be bottoming. My risk lvl was then breached and then downsized to 1/2 size. It seemed to be having trouble getting back up so I decided to not risk it and then cut losses quickly. I respected my risk and used small size. I was okay with the loss. Sometimes your setups don't always work, but don't let one small loss destroy you.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-05-06 09:34:37 | POAI | buy | $1.860 | long |
2020-05-06 09:35:53 | POAI | sell | $1.780 | long |
2020-05-06 09:36:54 | POAI | sell | $1.800 | 0 |
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