Shared by
tjmiller2001
Researched the company and I'm a fan of theirs. Gave me a bullish bias so next, I looked for key levels to base the trade around. Saw that 17.00 had held in the past. Entered at 17 with a fantastic 8:1 RR. I liked using a tight stop and entering near an important level, that meant I'd know quickly if I was right or wrong.
Proud of my exit according to plan instead of holding on to a loser.
Lesson Learned: Don't let a bullish bias trick you into seeing an uptrend that isn't there
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-29 15:02:47 | ROOT | buy | $17.000 | long |
| 2020-12-29 15:02:57 | ROOT | buy | $17.000 | long |
| 2020-12-30 09:55:04 | ROOT | sell | $16.700 | 0 |
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