🧩Situation🧩 Rejection of vol trigger in a tight market prior to A-up as market is possibly building the A-up
💭Self-Talk💭 I get a little over 1r on the trade and slide my stop to even. I get stopped out of the trade as the market did not rotate. Solid trade because the market had not made a-up yet. I could have elected to take off size at 1R but I wanted to hold for a rotation possibly to the POC
⚙️What could I improve?⚙️ Trade management was decent but the trading window for the trade was very tight in stacked gamma.
🛠️5 Trade Components🛠️
1. Setup Vol trigger rejection prior to A-up
2. Entry Vol trigger 3935
3. Management Vol trigger reject for counter rotation if the trade makes a-up and keeps building knock it out for a margin of safety at 10:15 it needs to be back under ORH
10:11 trade breaks below 3935 i creep the stop in from 3940 to 3938 about the hi of 3937
Very weak A-up 10:15 I adjust stop to 3934.50 free trade.
4. Exit Stopped out at even.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-01-20 10:09:17 | MESH3 | sell | $3935.00 | short |
2023-01-20 10:22:12 | MESH3 | buy | $3934.50 | 0 |
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