TRADE/SETUP/BIG PICTURE
reaching a big key level. short the frontside with low confidence because of grinding action.
ENTRY/SIZING
ok entry, starter size
EXIT
frustration at its highest level.
exit with small loss , didnt want to fight it grinding action stock, but i didnt give its chance.. no blow off with volume, grinding action. prefered exit and avoid potential headache with small reward. of course, stock pulled back hard right after.... as always... missing the whole move. very frustrating
RISK MANAGEMENT
bad. reminder : starter size is to let trade work a little and add if right, give its chance or dont bother enter !!! why not risking 0.3 R if you can potentially earn 3R + ??
PROCESS EXECUTION
what i did right - STARTER ENTRY WAS OK AT RIGHT LEVEL
what i can improve - patience with entry. let it prove that the V is inversing dont try to guess and then realize you are in agrinding action. happened way too often. big oportunity missed
TAGS : EDGE/SETUP/ENTRY/SIZING/EXIT/RISK MANAGEMENT/RIGHT-WRONG/PROCESS RESPECT/GRADE
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-11-09 10:43:22 | GRWG | sell | $5.170 | short |
2022-11-09 10:47:02 | GRWG | sell | $5.110 | short |
2022-11-09 10:49:01 | GRWG | buy | $5.170 | short |
2022-11-09 11:05:24 | GRWG | sell | $5.170 | short |
2022-11-09 11:10:47 | GRWG | buy | $5.240 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!