ESU1 Trade on Jul 8, 2021 09:59 from Kingkillabee: Tradervue User Stock Trades.

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Kingkillabee

 

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.

image


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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