Trade Idea can be found
After discussing this trader further with my mentor, I didn't follow any risk guidelines. He asked me what was my target before entering the trade. I could not answer, all I said was I wanted to be long because it looks strong on the daily. His response was how can you justify your R v R if you have only half the equation? Very good point indeed.
Yes, I got in small initially before the pattern really started and was able to add size on the break and the pull back following the break.
This is tough to answer since I can't say yes I was sized correctly if I don't know the R v R.
I did not chase the trade. In fact, I didn't do anything with this trade. I failed on my executions but I thought I had great entries.
I should have crushed this trade. Perhaps my early morning loss in a swing caused me to get off my game. Check my blog post for further details on this trade and the opportunity cost I lost out on had I traded this like every other time I take a trade like this.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-06-18 10:19:44 | CME | buy | $76.560 | long |
2013-06-18 10:30:50 | CME | buy | $76.640 | long |
2013-06-18 10:30:56 | CME | buy | $76.660 | long |
2013-06-18 10:58:35 | CME | buy | $76.770 | long |
2013-06-18 12:15:58 | CME | buy | $77.160 | long |
2013-06-18 12:15:58 | CME | buy | $77.160 | long |
2013-06-18 12:16:03 | CME | buy | $77.180 | long |
2013-06-18 15:42:45 | CME | sell | $77.270 | long |
2013-06-18 15:42:45 | CME | sell | $77.260 | long |
2013-06-18 15:42:45 | CME | sell | $77.260 | long |
2013-06-18 15:42:45 | CME | sell | $77.260 | long |
2013-06-18 15:42:45 | CME | sell | $77.250 | long |
2013-06-18 15:42:45 | CME | sell | $77.250 | long |
2013-06-18 15:42:45 | CME | sell | $77.250 | long |
2013-06-18 15:42:45 | CME | sell | $77.250 | long |
2013-06-18 15:42:45 | CME | sell | $77.250 | long |
2013-06-18 15:42:45 | CME | sell | $77.250 | 0 |
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