Shared by
Tyndael
SEEL Trade 1:
-We had an issue with noticing that we were not following the dip and rip, because it still seemed like a good trade.
-We need to decide what to do when it seems like a perfect trade but it’s not our strategy
-We need to write down and review what criteria makes a trade a dip and rip and review them daily
-We still got stopped out on SEEL even though it went as high as we wanted it to. Is that avoidable or not?
SEEL Trade 2:
-I got scared and moved my stop loss up which cost me my profits
-I think Trade 1 was probably better than Trade 2 because I had no second support on this one which made me scared.
-Because I lost profits once already this made me worried to lose more. Note to self, be more careful about acting out of fear after being stopped out once.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-12 11:54:28 | SEEL | buy | $4.710 | long |
| 2021-03-12 11:55:49 | SEEL | sell | $4.570 | 0 |
| 2021-03-12 12:05:42 | SEEL | buy | $4.820 | long |
| 2021-03-12 12:17:38 | SEEL | sell | $4.880 | 0 |
Comments
Briantrades
Joes_Trading_Shop
Awww man, you were spot on with your thesis. Getting involved once it broke HOD. If you would have just waited for a pullback you wouldnt have gotten shaken out....as opposed to letting the healthy pullbacks take you out.
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Good observations about your trades.
your 3rd observation about trade 1 I have found to be among the most beneficial things to my trading. Having every component of my strategy written down is so helpful to avoid overtrading and getting in late.
I would also agree that trade 1 was the better entry out of the two, although the 4.5 level looked like a nice pivot level to enter on. Cheers.