CLF3 Trade on Nov 17, 2022 18:00 from Nanou2012: Tradervue User Stock Trades.

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Nanou2012

 

Trade Analysis

Technicals: Having been stopped out of a trade I had waited for all day, I looked in anger and frustration the move unfold exactly as I thought it would have and as soon as the next 30 minutes candle opened, I went Long 2 at the top of the move at 81.83, which promptly pulled back, (like it always does) and added a further 2 contracts below at 81.77 and another one ( I did not even remember doing this until now). I had split my stops and both lots were triggered as the move retraced back down to 81.56. An area I had already marked on my chart as a blue dotted line.

Outcome: Large loss of $650

Post mortem: I was blinded by FOMO and revenge trading and made a series of "beginners mistakes" caused by Tunnel vision:
1/ Wait for the move to retrace and respect the rhythm of the trade
2/ Add to a losing trade: not once but twice
3/Increase my trading size when trading poorly

image


Execution detail:

Date/time Symbol Side Price Position
2022-11-17 18:00:39 CLF3 buy $81.83 long
2022-11-17 18:00:59 CLF3 buy $81.77 long
2022-11-17 18:01:56 CLF3 sell $81.70 long
2022-11-17 18:01:56 CLF3 sell $81.70 long
2022-11-17 18:03:03 CLF3 buy $81.77 long
2022-11-17 18:07:00 CLF3 sell $81.64 long
2022-11-17 18:07:00 CLF3 sell $81.64 0


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