Trade #: 1
Live/SIM: SIM
Lot size: 3
Buy/Sell: B
Time: 8 am
Result: 3 hit targets, stopped on 3
Total ticks: -38
TIT: 0:30:00
Setup: Price came down to an area of interest which also converged with the ON VPOC after an impulse lower. Took one off quickly for a few points as I want to reduce risk. Scaled in at a lower low hoping to trap shorts.
Postmortem: Missed my opportunity to scale at 46.50 which would have made this trade profitable. This was a mismanaged trade. I didn’t react in time and missed my opportunity to just get out with something. Second entry was a mistake seeing that there was another area of interest just a few points below.
Emotional experiences: If you see another area of interest just a few points below take your profits quickly and leave maybe one runner on a 6 lot and maybe 2 runners on a 9 lot
Trade Errors:
1. Not taking a planned trade: No
2. Interfering with trade management while in a trade: No
3. Chasing due to FOMO: No
4. Technical errors: Yes
5. Allowing outside influences to affect a trade: No
6. Placed too many/too few contracts: No
Score: 5/6
Cost of Error(s): 50t
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-29 10:00:00 | MESM1 | buy | $3942.50 | long |
2021-03-29 10:01:00 | MESM1 | sell | $3945.50 | long |
2021-03-29 10:09:00 | MESM1 | buy | $3940.00 | long |
2021-03-29 10:13:00 | MESM1 | sell | $3942.50 | long |
2021-03-29 10:13:00 | MESM1 | sell | $3942.50 | long |
2021-03-29 10:21:00 | MESM1 | sell | $3937.50 | long |
2021-03-29 10:29:00 | MESM1 | sell | $3935.00 | long |
2021-03-29 10:29:00 | MESM1 | sell | $3935.00 | 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!