*Idea: Trend Join
*Entry: Pop into continued fade
*Risk: 1:2
Continued falloff from Wednesday's run-up fiasco on what's otherwise been a trashy stock.
Massive fade off from yesterday, gap down, continued trend of fails into falloff.
Under SSR but kept going.
Entered at pop during downtrend, thinking it would continue to go down when that goes against the very thing I've been telling myself not to do: short the bottom.
Continual fails downwards and probably hoped it would keep going, but consolidated and squeezed back up.
Another one of those trades which I just look at afterwards and think "why did I do this?" Scratched off half when the trend went against entry, and then spent the short squeeze thinking "it's failing here time to get out" and then letting it run.
-You wrote your commandments for a reason. Follow your rules
-How many times will you make the same mistake?
-Stop worrying so much about the entry that you shift gears to take something else.
These are not problems I have had on paper. These are issues which have been suppressed in simulation but not in fire. No more FOMO. No more ignoring stops. None.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-31 11:11:03 | KODK | sell | $20.760 | short |
2020-07-31 11:11:03 | KODK | sell | $20.760 | short |
2020-07-31 11:11:03 | KODK | sell | $20.760 | short |
2020-07-31 11:19:42 | KODK | buy | $20.920 | short |
2020-07-31 11:19:42 | KODK | buy | $20.920 | short |
2020-07-31 11:47:46 | KODK | buy | $21.960 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!