MESZ3 Trade on Sep 15, 2023 10:11 from RodrigoBras: Tradervue User Stock Trades.

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RodrigoBras

 

Thesis: Demand bounce

Where/why did I ENTER (Confirmations): Placing my entry where most long traders should have their stops, invariably under the previous low.

Trade plan: No trade plan, as this scenario "I am expecting 4537-4526 demand zone to be tough support for bears, and bulls might took over, if bears continue to break new lows intra-day inside this demand but the move is lacking strength to the downside, I am open for longs, targeting first 4550 and then 4559.25" from my PM-plan was already invalid.

How was I feeling DURING the trade (emotions): Calm and also feeling a little rushed to get in..

Trade management: Got stopped immedietely

Where/why did I EXIT: stopped out

Mistakes: Bad trade, it was forced and I was testing this idea "Buy where the majority have their stops". Demand was already invalid and there was this crazy selling pressure which was getting rewarded for their efforts, yet I forced the trade.

What can I do to improve: Not taking this trades, tbh, this concept of "Buy where the majority have their stops" works when the market is uptrending and lure a lot of buyers to get in late.

Overall thoughts: Bad day tradeing the market and also week.

Rate this trade 1-10: 4/5

Risk/Stop Loss: -3 points
Target: 10 points ( 3.3R)
Realized: points ( -3R)
Unrealized Before being stopped: points ( R)


Execution detail:

Date/time Symbol Side Price Position
2023-09-15 10:11:07 MESZ3 buy $4529.50 long
2023-09-15 10:12:14 MESZ3 sell $4526.50 0


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