Shared by
tjmiller2001
3:1 RR on a trendline hold trade. Not an A+ setup for me.
Weak entry getting in further from the trendline than appropriate considering the name wasn't showing notable strength. It was below VWAP and making higher lows but there are better setups out there.
When my level broke it broke hard and I got out a little slower than I would've liked.
Not a trade I'm proud of or one I would take again.
Lesson Learned: No position is a position. Don't overtrade because you're justifying every minor signal or pattern as a reason for an entry.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-14 09:53:19 | SPLK | buy | $206.500 | long |
| 2020-10-14 10:01:30 | SPLK | sell | $205.700 | 0 |
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