Long at 12730/Over 12720
A very defined support level from PM this morning. Looking for a 20 point bounce.
10 points of ideal risk to 12720
Scanner is very green
Price dumped through my stop level, looking for an exit.
I shouldnt have taken this trade. I was following day. He called the support at 12730, it wasnt even my level.
I am now looking to add to the trade at 12650 in order to get out. That will be a 5 min BB play.
I think this was a FOMO play. I missed 2 entries this morning because of hesitation, and I didnt want to miss another play.
I am going to add 2 contracts at 12650 as the scanner is still showing green and this is an ideal entry.
Got my fill. Looking to get out breakeven. Now it is just a waiting game. Not much I can do. There has been absolutely no bounces so I havent had a chance to cut this.
I cant believe I ruined my streak by following someone elses call. I am so upset with myself, but I am trying to remain cool. This is a favorable setup so i just need to hold and stay cool.
I had the chance to get out breakeven, but decided to be greedy and now I lost it all again. I was wanting to get breakeven on the first 2 lots and then have 1 more lot to make profit on, but instead I got no fills and im stuck bagholding.
Just got liquidated. Probably at the bottom of the range.
I got greedy and I started hoping and I didnt properly manage my risk. This just shows I cant yet properly manage my risk. If I cant manage 3 MNQ, I obviously cant handle any NQ. How am I supposed to improve if I just blow my account?
This is yet another trade where I should have had a hard stop on my scalp, and another example of why you should always take breakeven.
It is so stupid of me to not take breakeven when I have 3x my usual size. Like how do I even manage to justify that in my head? I have 3x more than what I usually have at a price that is worse than my usual price... The fact I didnt breakeven shows something deeper within me about being greedy and wanting to be right. It would have been so much better to just scratch it and start over. I cannot let greed ruin my dream of being a good trader. I need to only stick to my edge and stop losing.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-06 11:09:36 | MNQM2 | buy | $12730.00 | long |
2022-06-06 11:17:28 | MNQM2 | buy | $12650.00 | long |
2022-06-06 11:17:28 | MNQM2 | buy | $12650.00 | long |
2022-06-06 12:04:21 | MNQM2 | sell | $12584.50 | 0 |
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