ESU1 Trade on Jul 8, 2021 09:55 from Kingkillabee: Tradervue User Stock Trades.

Managed Wrong

Reason for entry: On 5 min, shorted near top of range. Since the market was so volatile, my plan was to take profit in 1/3rds

What could have been done better: When price went down about 1/3 of the range, I went to buy-to-close 1 lot. I ended up selling another one instead (MISTAKE-luckily I bought it within a few seconds and all I lost was commissions on it).

Whats worse is that I also did NOT put my stop in the correct place. If I would've done the right thing, I could've had between 10-16 more POINTS today. This was a good reminder that if a stop is far away, trade small and put the stop where it belongs. Dont trade large and put the stop closer.

What was done well: My original thesis was correct on playing the range if I had used the appropriate stop-loss.

What was missed: NA

Emotions: Nervous because of the volatility and the fact that trading ranges are not my specialty. In my brain they seem like the easiest thing, but I always struggle with sizing and entry timing. Im grateful for the chance to practice this in a highly volatile setting.

How could I have responsibly made more money / lost less money: By entering small (which I did not do) scaling in and using the appropriate stop.