ESU1 Trade on Jul 9, 2021 11:45 from Kingkillabee: Tradervue User Stock Trades.

Managed Wrong There is A LOT going on here. This was a stressful trade because I was adding to a losing position. But really good experience to learn from.

Reason for entry: On 5 min. There was a bull breakout with 6 consecutive bull bars above a prior range and new ATH. This looked strong enough for a second leg up and there was a measured move I was watching from the height of the broad bull channel, So I market ordered in. I believed that if there was a pullback, higher prices were likely ( or at least a trading range before reversal).

I entered small and we immediately got a pullback (of course). I added 2 points lower. At this point I suspected we would probably have a TBTL (ten bar tea legged) correction. I entered my last contract as tested the prior broad bull channel high, .236 bullish retracement and the yellow 21 ema (this was also a test of the prior range). I knew it had to hold this level if it was going to create a trading range, otherwise it would really break down. My goal at this point was to get out breakeven rather than take a $400 loss.

Stoploss: Below the the breakout at 4347.

What could have been done better: Exited when I started feeling hope. After the first leg down in the pullback, a bull bar printed. If we could've gotten above that bar on the next candle, that would've been a high 1 after a strong bull breakout. Many bulls were waiting for that as their entry. As you can see, the next bar printed to the EXACT same high, but not high enough to trigger the entry. So bulls were trapped for another leg down. I should have exited on the close of that dojo at 12:05.

I could've entered long again on the high 2 (after the next bear leg).

What was done well: Being aware of my emotions, actively trying to look at the market objectively to see if bulls were done or just taking a break.

What was missed: I missed the exit signal at the high 1 bull trap mentioned above.

Emotions: Nervous to enter that late in a bull trend. Fomo. I even said to myself after my second entry that I feel like I'm doing the wrong thing. I was self aware that I was feeling "hope" which is always a bad thing. If I am relying on hope, then I am NOT trading objectively and NOT listening to what the market is telling me.

How could I have responsibly made more money / lost less money: I shouldve exited at the high 1 bull trap when my feelings were hopeful rather than me being confident and calm.