This was a decent trade for me. I was able to objectively identify a wedge pattern on HOFV but after my entry there wasnt enough buying pressure for continuation. Before I made my entry I noticed that the price action slowed down alot so I should have re-evaluated my trade since the volume was not picking back up as it was supposed to be. I got stopped out for a tiny loss but I am glad that I used higher time frames this time to identify the pattern because I find that FOMO gets drastically reduced when you can look at the bigger picture. This was more of a learning trade for me and it helped set my head straight. I will undoubtedly be a better trader tomorrow.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-30 10:55:35 | HOFV | buy | $5.980 | long |
2021-03-30 11:05:27 | HOFV | sell | $5.910 | 0 |
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HOFV has been a particularly challenging stock to trade. A touch Bi-polar... :D