Despite negative outcome, not a poor entry per se. However, two serious trade management/ execution disasters. It is deeply embarrassing and horrifying that this would happen, well into my second month of trading.
First, the risk taken (bottom of the demand tail) turned out to be 2.5%. In the heat of the moment, my mind went blank in terms of risk. Too eager to get into the trade.
Second, intended to exit after 9:37, huge abnormality, supply shoot, low upwards result but abnormally high volume. But, failure to exit half due to miscontrol of brokerage platform. And then, my mind froze for around 1 minute.
And then, correct decision to exit entire position after 9L38.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-05 09:37:00 | TDC | buy | $43.720 | long |
2021-02-05 09:39:00 | TDC | sell | $42.210 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!