Shared by
yoosh
Rules:
1. Trade the four main gaps and First red days and breakdowns. Bearish retest, with small size and obvious confirmation.
2. Trade the actual pattern and do not scalp the small retest.
3. Do not trade after 10:30am because you will be forcing trades at this point.
4. Do not revenge trade. Be happy with losing.
Pattern: First red day.
Key Levels:
Thesis:This was opening up red after 2 days of low volume bouncing, so I thought it might be the day that it cracks. I shorted the breakdown which led to bad RR and cut at R/G.
Trade in the correct time range: No
Emotion during the trade: Today was a bad day because I trade shit and lost all my capital.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-10 10:23:10 | JAN21'22 60 PUT | buy | $0.8500 | long |
| 2022-01-10 13:18:01 | JAN21'22 60 PUT | sell | $0.5200 | 0 |
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