Shared by
ift_redot
1st Error - Did not checked my risk
I have assumed that I will be right on that one and went 200 shares short without checking my risk which was around 70c, this trade shook me off with a 130$ loss, at that point I've lost my mind and basically lost the rest of my risk.
2nd Error - Went big size short after Doji candle
The first candle must be atleast an ELEPHANT bar so it confirms violence to the down side, instead I got a Doji candle but ignored that fact and went full risk with full confidence
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-06 09:32:40 | C | sell | $64.120 | short |
| 2021-01-06 09:35:00 | C | buy | $64.750 | short |
| 2021-01-06 09:35:06 | C | sell | $64.800 | short |
| 2021-01-06 09:35:08 | C | buy | $64.790 | short |
| 2021-01-06 09:35:11 | C | buy | $64.770 | 0 |
| 2021-01-06 09:36:32 | C | buy | $65.090 | long |
| 2021-01-06 09:38:04 | C | buy | $65.270 | long |
| 2021-01-06 09:39:56 | C | sell | $64.940 | long |
| 2021-01-06 09:42:41 | C | buy | $65.180 | long |
| 2021-01-06 09:45:20 | C | sell | $64.970 | long |
| 2021-01-06 09:45:21 | C | sell | $64.920 | 0 |
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