Shared by
CapitalMastery
Summary
My initial trade was good, and per my playbook, aside from exiting way too soon, and not waiting until a Reason2Exit like my already plotted targets! After that trade though, the rest I really shouldn't have taken because they were not playbook trades, and were just scalps. Nothing wrong with scalps, but I'm supposed to be focusing on playbook trades only right now.
Did Right
Waited for trend reversal, and got good entry.
Did Wrong
- Exited too soon
- Took scalp trades not in my playbook
Improvements
- Hold trades until my plotted targets! Even if i end up getting stopped out by waiting, I'll make far more money on the good trades.
- Stop taking trades outside of your playbook, no matter how good they look. They ultimately just get you into trouble.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-01 09:38:06 | BYND | buy | $145.715 | long |
| 2020-07-01 09:38:08 | BYND | buy | $145.770 | long |
| 2020-07-01 09:38:57 | BYND | buy | $145.311 | long |
| 2020-07-01 09:40:31 | BYND | sell | $146.701 | long |
| 2020-07-01 09:41:00 | BYND | sell | $146.548 | long |
| 2020-07-01 09:41:11 | BYND | sell | $146.370 | 0 |
| 2020-07-01 10:13:10 | BYND | buy | $147.075 | long |
| 2020-07-01 10:16:58 | BYND | sell | $148.000 | 0 |
| 2020-07-01 10:51:20 | BYND | buy | $144.040 | long |
| 2020-07-01 10:52:36 | BYND | sell | $144.990 | long |
| 2020-07-01 10:53:05 | BYND | sell | $145.235 | 0 |
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