Risk/Stop Loss: -3 points
Target: 10 points (3.3R)
Realized: 0.75 points (0.25R)
Unrealized Before being stopped: 5.75 points (1.9R)
Trade plan: "A move back into 4448 demand, where sellers show effort but are unable to push price lower, could offer a long setup, specially under yesterday's low, where my target would be first 4465-4470."
Confirmations: Buyers defending this 4448-4445 range; Sellers are not stepping in as they previously were; Like the candlestick pattern (Bull flag)
Mistakes: Bad exit on my end, price was clearly failing to hold new highs, so it gave me multiple chances to sell near 4453, but I was hoping that it could be different and price could rally to 4458 and just capitalize on 5 points instead of the 10.
Overall thoughts: Good trade, bad execution, too hopeful that price would break highs despite it was clearly struggling, react don't predict
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-09-07 10:58:58 | MESU3 | buy | $4448.25 | long |
2023-09-07 11:22:27 | MESU3 | sell | $4449.00 | 0 |
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