ESU1 Trade on Jul 8, 2021 11:06 from Kingkillabee: Tradervue User Stock Trades.

Managed Wrong

Reason for entry: This was a bad trade. On the 5 min, a tighter trading range (orange box) had formed inside the larger range (blue box). The orange range was still 10 points tall, which is enough to scalp if I trade small enough to scale in. I shorted in the top 1/3rd and added more as it went higher. I also noticed we were printing bullish divergence right before this point as well.

What could have been done better: I should have been more patient and waited until the larger range became in play again. That tight range was a very small bear channel (which means it was statically more likely to break upward) and it had been going on for 3 drives in both directions.

What was done well: Trading small and scaling in is correct behavior for a trading range. Just not applicable in this situation.

What was missed: I suppose I missed the bigger picture that I should've waited until the current behavior changed into something more clear to interpret.

Emotions: Impatient.

How could I have responsibly made more money / lost less money: By remaining patient and not entering late into a relatively light trading range.