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Shared by
efernandes

 

HLBZ

Sep 17, 2021 14:46


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MDB Mistake: No Stop Loss Mistake: Too Convicted Triangle Trend Break VWAP Hold HOD Break

MDB.
When it was holding its gains and forming a nice triangle trend.
I bought the break. Endedup getting stuffed hard before I could put my stop.
It failed below my stop so I decided to hold for the next stop level rather than cutting it.
Ended up falling below 2nd stop level.
But ist seemed to soon recover. so I got in agai n thinking that this would be a fake breakdown.
Was too convicted and didnt see that it was a bearish pattern.
Ended up getting stopped out on this also.


Execution detail:

Date/time Symbol Side Price Position
2021-09-17 14:46:00 HLBZ buy $23.000 long
2021-09-17 14:51:00 HLBZ sell $21.500 0
2021-09-17 14:58:00 HLBZ buy $22.010 long
2021-09-17 15:06:00 HLBZ sell $21.090 0


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