Shared by
tradejazz
Trade Checklist
- Setup: EBO/qpb
- Entry: 4
- Stop: 3.53 / 3.85
- Spread: 1
- Shares: 80
- T1: 4.85
- T2: 5.15
- Reward:Risk Ratio (T1):
- Price-action read: 3 candles
- Trending?
- Volume Trend Favorable:
- Reversal probability?
- Exit:
Details:
1st attempt BUY at 4. Late did not chase.
Bought HoD. Decision error. Also, doubled risk.
Did not wait for Pullback to 9ema (patience).
Frustraded but not out. Just realizing error.
Also crossed trendline and still suckered in.
Can not short on platform so no reversals.
WEEKLY_REVIEW: Trading LONG near HoD is not high probability. Get in earlier or trade at bottom of pullback near 9ema (earlier also) not at top.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-11 10:12:51 | VGGL | buy | $4.010 | long |
| 2015-05-11 10:17:42 | VGGL | sell | $3.860 | 0 |
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