The set-up: Continue Sell Off/ Leg Down
NVDA keep pushing down, breaking $119 support. I got in at $118. Risking $1, SL: $119 (Only 1 size, to protect capital gain). And this trade offer tight reward/tight risk
With that said, I sold at $117. 1R play
What I did Right:
1) Identify continue sell off - Offer Clean Short SETUP.
2) Executed based on my edge/system and what I see = TRADING WITHOUT FEAR
What I did Wrong:
1) Could never should enter 2nd position as my first position already a WINNER!
2) Kind of chasing move (Abit FOMO I guess?)
Where I could improve:
I should let the trade work and do not violate my stop loss in my first trade. So there will be no need of this trade where only offer 1:1 R/R
Trade grade: B
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-10-18 11:08:23 | 21 OCT 22 119 PUT | buy | $3.650 | long |
2022-10-18 11:15:02 | 21 OCT 22 119 PUT | sell | $4.050 | 0 |
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