Managed Wrong
Reason for entry: This was a bad trade. On 5 min, there were 2 strong bull bars pushing off the low of the range. The first Bull bar was much bigger than any other bar from the morning, so I thought that might have represented a change of behavior on the market.
What could have been done better: No taking a long position at the top of a range.
What was done well: NA
What was missed: Im not sure that anything was missed. I probably didn't notice the potential bearish divergence on RSI, but regardless I think this trade was more of an emotional error than anything.
Emotions: I think I was upset from the first 2 trades (on tilt) and just entered this thinking that breakouts of a range often start at the other side of the range, So I wanted to get in. Frustrated and on tilt.
How could I have responsibly made more money / lost less money: Followed my rules and not taken a long trade at the top of the range.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-07-08 09:59:20 | ESU1 | buy | $4299.75 | long |
2021-07-08 10:04:08 | ESU1 | sell | $4295.50 | 0 |
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