PLTR Trade on Feb 22, 2021 10:22 from Dyer868: Tradervue User Stock Trades.

Saw reverse ABCD setup on the 1m and 5m and it looked like the overall market was selling off. Bad entry initially because the 1m was showing an ABCD long setup when I went short. Stopped out for small loss.

Re-entered when price came back down and held below 9/20 EMA. Price slid down to LOD. Took partials on the way down. Shorted more when LOD broke. More partials and more adds as price continued to move down over the next 30mins or so.

There were a couple bad adds where price was pulling back and I kept adding and adding and went over my exposure limit. My average price was still good and a stop out would have been only 1/3 of my daily loss limit, but I won't be doing that again. I was very uncomfortable and tense because I had sized up so much and trade was going against me. Price went back in my favor and I sized down to a more comfortable level immediately and continued managing the trade till I was all out.