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)