MNQH3 Trade on Feb 14, 2023 10:31 from CyNickal: Tradervue User Stock Trades.

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CyNickal

 

27 contracts at 510 entry

I added way too many times. I added too close. I added on poor support levels. I was impatient.

I posted the proper levels below
Versus the levels that I added off

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This is an example of how I could have done this better. This trade only had 1100 points max open loss so it wouldnt have blown the account.
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This trade is a great example of why to be very selective with my last add. I treated my final add as if it were my first add. I cant do that. I dont have the luxury of 7 adds. I have 3. And that third one has to be fucking perfect. That last add should be over 50 points away from my average. And no more adding right after 30 points just because its after 30 points. Wait until the best add spots.

It is unreasonable to think I would have waited until the very last secodn to add at 431 even though I had the line marked out. At that point, my average was 519, so I knew I HAD to add to get out. But overall, this trade is totally possible to make live, and I should have. I just froze, resorted to the "system" and failed to manage the trade properly.

And finally, here is a 60 min of the proper adds.
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Once again, main take aways are;
1: The 3rd add needs to be PERFECT! Be patient with it. It should be over 50 points away from your average. This is the last chance.
2: Dont add to a trade at a level just because it is 30 points away from your average. Wait for the best levels and take only the best trades!


Execution detail:

Date/time Symbol Side Price Position
2023-02-14 10:31:49 MNQH3 buy $12578.00 long
2023-02-14 10:35:10 MNQH3 buy $12541.00 long
2023-02-14 10:36:15 MNQH3 buy $12519.75 long
2023-02-14 10:38:47 MNQH3 buy $12500.00 long
2023-02-14 10:38:47 MNQH3 buy $12500.00 long
2023-02-14 10:38:47 MNQH3 buy $12500.00 long
2023-02-14 10:45:35 MNQH3 sell $12461.00 long
2023-02-14 10:45:35 MNQH3 sell $12460.75 long
2023-02-14 10:45:35 MNQH3 sell $12460.50 0


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