Shared by
miesinberlin
TRADE: Entered short preemptively because of resistance at 14.80, FORGOT TO SET RISK AT 14.82 and took a rip. Had I placed a stop at 14.82, I could have gone long after seeing the volume increase.
WORK ON: You cannot forget to place your risk as soon as you enter a trade, even for a scalp. You'll never be able to scale up if you don't use a stop.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-16 15:27:00 | RFP | sell | $14.780 | short |
| 2021-04-16 15:27:19 | RFP | buy | $14.920 | 0 |
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