Shared by
KingTwan
This is a clear fomo trade error. You were right about the trade itself, but instead of waiting for a pullback on a 1 min chart and a breakout of the first candle to make a new high, which gave a GREAT bull flag trade for $1.00 you bought the top, added lower, added lower again, and then sold the bottom.
$400 loss could have been COMPLETELY avoided by following rules.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-21 09:44:11 | CSIQ | buy | $46.862 | long |
| 2020-12-21 09:45:17 | CSIQ | buy | $46.670 | long |
| 2020-12-21 09:45:17 | CSIQ | buy | $46.670 | long |
| 2020-12-21 09:48:58 | CSIQ | buy | $46.180 | long |
| 2020-12-21 09:49:38 | CSIQ | sell | $45.990 | 0 |
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