Shared by
SchubyTrades
SETUP/BIG PICTURE
first green day . big runner and headache potential. scalp mode.
ENTRY/SIZING
first entry after blow off/ para move
second entry after 2 rip, to resistance levels
EXIT
EXIT BOTH SUPER BECAUSE OF PRICE ACTION. CHOP FESTIVAL AND HEADACHE. NEED TO PRESERVE MENTAL CAPITAL WHICH IS MORE IMPORTANT THAN TRYING TO NAIL THIS LPOW QULITY/PROB SETUP
RISK MANAGEMENT
OK, TIGHT , EXIT WHEN FELT INCONFORTABLE WITH PRICE ACTION. AVOIDING HEADACHE AND BURNING MENTAL CAPITAL
PROCESS EXECUTION
NO A SUPER SETUP, ITS ALWAYS TEMPTING TO SHORT BIG RIPS AND PARA. BUT IN THE CASE OF A FGD, AVOID IS STILL THE BEST SOLUTION IMO
WHAT I DID RIGHT . RECOGNIZING UNCONFORT AND GTFO .
WHAT I DID WRONG . TAKING THIS LOW QUALITY SETUP TRADE.
TAGS : EDGE/SETUP/ENTRY/SIZING/EXIT/RISK MANAGEMENT/RIGHT-WRONG/PROCESS RESPECT/GRADE
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-10-26 09:59:00 | EPIX | sell | $2.790 | short |
| 2022-10-26 10:00:00 | EPIX | sell | $2.790 | short |
| 2022-10-26 10:05:00 | EPIX | buy | $2.750 | short |
| 2022-10-26 10:09:00 | EPIX | buy | $2.700 | 0 |
| 2022-10-26 10:35:00 | EPIX | sell | $3.320 | short |
| 2022-10-26 10:48:00 | EPIX | buy | $3.340 | 0 |
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