I think the failure today had to do with not being able to cut my losses. I feel like when i hold and try to trust myself, I'm wrong and I take a big loss, but when I dont feel great and sell early then, the move continues to happen without me. Ironically that is exactly what happened today. My second trade I waited a while for my move to happen and eventually gave up and sold for a small win. As if on queue the price rapidly moved up the next three candles and it would have made up my losses plus more. I think the only fix to this would be experience and being able to take better positions.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-10 09:33:45 | GBX | sell | $24.070 | short |
2020-07-10 09:43:44 | GBX | buy | $24.570 | short |
2020-07-10 09:43:44 | GBX | buy | $24.600 | 0 |
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