MESH3 Trade on Jan 19, 2023 14:48 from srosas13: Tradervue User Stock Trades.

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srosas13

 

🧩Situation🧩 The market went late day C-up and I felt that it was a good chance that the market would close neutral and not continue to run. This was a discretionary call based on the slow choppy price action of the market. None the less this is a tight trade and difficult to be precise.

💭Self-Talk💭 I entered as the market started to fall back within the OR. The market was technically C up but the price action was slow all day and the 50ma was at 3942

Price has continued to build higher and made a weak C up we have the 50ma in the way the prev day low and the hourly 200ma in the way and I dont feel confident in this C-up. The consecutive stops and turning my day red has made me a little frustrated. Being that all of my trades had opportunity in the green that I didnt take profit on. I am treating each trade as an individual occurrence so i cannot rush to TP and I have to be disciplined in my approach. This last trade is my last attempt before the closing bell and if I am stopped out I must shut down execution and preserve capital as this losing day would be larger than my average. I also want to hold this trade for a possible rotation back to 3920 the put wall on a fail of the C. This is not the best trade setup and the range is tight but I was sucked in by some late day frustrations. For the remainer of the day it is important to let this trade play out into the close and regardless of the outcome remain calm and disciplined with sound decision making.

I feel that based on the price action the market will not close C-up and is more likely to close neutral ORH is 3933.50 and it needs to close below this point into the final hour. POC is 3917 for the day looking for a rotation back to 3920 put wall area.

⚙️What could I improve?⚙️ I controlled risk and the dynamics of this trade but do not let frustration and emotions get in the way of my trading decisions.

🛠️5 Trade Components🛠️

1. Setup Weak C-up playing for a rotation inside for a neutral day.
2. Entry 3934.50 ORH 3933.50
3. Management I held the trade for a rotation back to the 3920 target where I took profit. The remainder of the size was held until the bell to see if we close outside of ORL if we closed within for a neutral day I was not holding the trade overnight.
4. Exit 2R exit and a closing bell exit disciplined hold/

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Execution detail:

Date/time Symbol Side Price Position
2023-01-19 14:48:35 MESH3 sell $3934.50 short
2023-01-19 15:52:08 MESH3 buy $3922.00 short
2023-01-19 16:00:13 MESH3 buy $3918.25 0


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