Thesis- buy off support not extended on daily
Entry- early entry off pivot that made off support zone
Exit- 1/4 1r bought back that 1/4 ofter made another pivot off 8ema but got stopped out of that piece (one bar too early) 1/4 on 1st extention up and then 1/4 on extention and last 1/4 at daily resistance i was looking to add back but didnt get the chance
Thoughts- great trade but tough entry
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-03-22 09:39:00 | MSFT | buy | $273.074 | long |
2023-03-22 09:41:00 | MSFT | sell | $273.470 | long |
2023-03-22 10:01:00 | MSFT | buy | $273.470 | long |
2023-03-22 10:02:00 | MSFT | sell | $272.920 | long |
2023-03-22 10:16:00 | MSFT | sell | $274.710 | long |
2023-03-22 10:22:00 | MSFT | sell | $275.760 | long |
2023-03-22 10:28:00 | MSFT | sell | $276.880 | 0 |
orig. stop was under 2nd bar...you are right on the add back but i was scared to give it to original stop..
You haven't fully accepted the risk you are putting on if you experience fear and/or it makes you change your trading plan You have to know anything can happen, and getting stopped out on a full position should be completely acceptable.
YOU are not scared, you FELT scared. Big difference.
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Nice trade, great follow through? Where was your original stop? Add-back should probably be there. I don't see a valid reason to stop out there.