MNQU2 Trade on Aug 9, 2022 11:34 from CyNickal: Tradervue User Stock Trades.

Long 13036 Correlation

Oil had a big spike down to and through VWAP. Would except to see NQ rally. Stop at most recent low. We have also been consolidating and putting in volume near the lows, so this could be the reversal area.

Been about 10 mins, and we are still hanging around the same area. It has now been 20 mins and we are still hanging around the same area. Crude is continuing to tank, so trying to give this trade time to work out.

Still in the trade. Technically, the trade hasnt been invalidated as crude is still tanking, but I took mu entry way too high. Given that my stop was the recent low, I should have based my risk off of that, rather than just taking and entry and then placing the stop. I should have asked myself if I was okay losing 50 points on the first trade, and of course my answer would be no. So, why did I take the trade? Im supposed to ask myself if im okay losing mt risk amount, and if Im not, dont take the trade. I could have taken the same strategy and stop, but taken the entry 40 points lower which would have lowered the risk SIGNIFICANTLY aand increased profit potential.

Crude is STILL tanking; under 90 now. But NQ just dosent care. Weve been slowly grinding down ever since my entry. Im about to get stopped out.

And I got stopped out. I really hate where I stopped out.... Im stopping where I should be buying... This is what I get for entering a trade too early and not correctly predetermining my risk. I cant just keep holding and add to try and save the trade because then I put myself in a situation where I could blow up everything.