F Trade on Jan 24, 2022 15:49 from motqns88: Tradervue User Stock Trades.

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motqns88

 

This was a forced late day trade in which I entered near resistance area of bullish channel without setting a stop loss right outside of the channel in the event that it breaks out. My risk wasn't defined. Because I was up w. earlier profits of $70+ I figured I could let my losing trade run in the case of it returning to make me profit. My true feelings were to finish trading for the day, but I wanted to just get rid of a DayTrade due to it being the last one I had left. Lesson here: DONT FORCE TRADE. HAVE SET RISK AND STICK WITH IT NO MATTER MY PERSONAL FEELINGS. Goal is to practice cutting loses and make it a habit. I will set a schedule to go on paper trading account in order to practice R/R and trade management as if it is real money. I WENT AGAINST THE TIDE. I WOULDVE MADE OUT BETTER ENTERING LONG AT THE BULLISH CHANNELS SUPPORT DUE TO IT PROVING ITSELF OVER AND OVER.


Execution detail:

Date/time Symbol Side Price Position
2022-01-24 15:49:27 F sell $20.235 short
2022-01-24 15:59:50 F buy $20.395 0


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