T13: Best trade of the day.
Entry Signal: Highest Point for the day at that timing, $158.82 (Tested and retested.)
Strategy: ABCD
Indicator: 3 Red Candles, with 3rd red candle breakthrough EMA9/20.
Confirmation: Bounced back from EMA20 and touched EMA9.
Entry: Shorted at Pt. C @$158.45, and added at Pt. D.
The rest are on the chart or the table on the top right.
What I did right? I seldom get a perfect entry for ABCD. I'm happy I caught this today.
What could be better? Instead of adding more shorts at $157.14, I could have exited at that point, or slightly lower before it climbed back up.
Psychology: Sometimes, I waited for too long to partial or to exit in hoping to gain more R's - I think that's greedy mentality. The volatile market in recent days have stopped me out before achieving 2R's, forcing me into preset stop loss, or early exiting. Hence, I now forming the habit to take partial, and add more share size, probably due to FOMO. I need to work on that.
Result: $1.84R. Progress, not perfection - I need to practice this more often.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-24 12:10:37 | AAPL | sell | $158.450 | short |
2022-02-24 12:11:06 | AAPL | sell | $158.300 | short |
2022-02-24 12:15:16 | AAPL | buy | $157.660 | short |
2022-02-24 12:20:37 | AAPL | sell | $157.140 | short |
2022-02-24 12:27:07 | AAPL | buy | $157.280 | 0 |
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