PLTR Trade on Jun 14, 2021 09:58 from tjmiller2001: Tradervue User Stock Trades.

PLTR has 1 hour supply at 24.74. It opened in that range then started drifting lower from 9:40-9:52. After breaking below the zone, it came back up to consolidate inside it. I was watching for sellers to show strength and push it back out of the zone, validating a lower high.

A red candle at 9:57 looked like that push out of the zone and it gave me confirmation to get short. I scaled into a short position at 9:58 with a 3:1 RR. I was stopped out on a move the next minute back into supply.

I didn't reenter the next minute on a red candle back under supply. I didn't reenter during the next 1m candle that showed me buyers weren't pushing it back into supply again. So I missed the 10:02 large red candle into my price target.

After my exit, I should've been able to put my emotions aside and think about what I would need to see to signal a reentry opportunity.

Lesson Learned: Set reentry rules right after you are stopped out.