COST $500
Short Against the trend?
Shorting Against rising 9 EMA,
really?
ShouldnI do it again?
It costed me $500
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-20 09:52:06 | QQQ | sell | $371.210 | short |
2022-01-20 10:05:17 | QQQ | buy | $372.250 | 0 |
2022-01-20 10:09:19 | QQQ | sell | $372.112 | short |
2022-01-20 10:17:35 | QQQ | sell | $371.840 | short |
2022-01-20 10:19:08 | QQQ | sell | $371.110 | short |
2022-01-20 10:31:52 | QQQ | buy | $372.840 | short |
2022-01-20 10:32:12 | QQQ | buy | $372.850 | 0 |
I like this setup gap up and hit that major resistance for the fade, you had the right ideas just to let it retest against the resistance374. You need to pick the strong resistance if you going against the trend, and ride that pullback fade. Don't be hard on yourself, if you have too, start very small position.
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Short Against the trend? Against rising 9 EMA , really?