The set-up: FTBO HOD
Gap Up Day? Y
Trading on news? Y
MTFA: 1M, 2M, 5M
Timeframe used? 2 M
Above 200 EMA? Y
Spread: Thin
-------------------------------------
What I did Right: Great setup across all time frames with a clear entry point, attempted for aggressive stop loss but broke before I could change it, bought into upward strength, practiced holding onto pieces longer once clear in green
What I did Wrong: Sold too quickly (seems to be a consistent issue on the 1st trade of the day), could've gotten aggressive SL (would've been easily over 10R)
Where I could improve: Continue to practice holding pieces when buyers are clearly in control, work on setting targets faster and moving faster when potential chance to revise trade parameters
Trade grade: B+
-------------------------------------
Entry: 56.75 (.05 slippage)
Stop Loss: 55.97
Trade Management: Okay
Targets: 57.25, 57.50
Actual Exits: 57.09, 57.28, 57.32 , 57.62, 57.64
Potential R: 3.5 (based on SL taken, not aggressive SL)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-05-04 09:45:03 | SHOP | buy | $56.750 | long |
2023-05-04 09:46:21 | SHOP | sell | $57.090 | long |
2023-05-04 09:46:35 | SHOP | sell | $57.280 | long |
2023-05-04 09:47:13 | SHOP | sell | $57.320 | long |
2023-05-04 09:49:10 | SHOP | sell | $57.620 | long |
2023-05-04 09:49:15 | SHOP | sell | $57.664 | 0 |
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