SPY Trade on Oct 7, 2021 12:48 from BlackburnLevi: Tradervue User Stock Trades.

I watched a good trade on AAPL work out the way I expected but was feeling a bit frustrated and not wanting to trade. I then came back later in the day and noticed a solid pattern on spy and a lot of names on my list, so I looked for the breakout of the symmetrical triangle/wedge and decided to map out the R/R and give it some more room to breath as far as stopping went.

Unfortunately, I had bad Technical Analysis along with a poor entry and even worse a bad stop placement. this is going to have to be documented as a bad-losing trade (was trying to avoid having any this month)

the frustrating part (and with most my trades) is that the pattern was valid and the position would have made money. My problem and a recurring problem is the I map out my TA too early or too tight, have a poor entry on what I think is a breakdown or breakout and then loose. sometimes I'll do this a few times because I'm confident in the trade, but then reach my max loss and not be around for the actual move.

the wicks and the candle sticks really mess with me as far as drawing things out and getting stopped out. my solution for this is to use the line chart and identify the clear levels or patterns. I also want to map out support and resistance and incorporate those in every trade for entries and exits.

I'm not sure how realistic this is in realtime, but the pattern was clear and took away the wicks and ups and downs that confused me. I still really want to focus on only the best trades, which I have been doing pretty well at, but have really been struggling with entries.