Trade: Long the $114.40 intraday breakout. Breakout did not occur, so I sold for a small loss. Still working on the fact that I need to use size, and I did use size in this trade.
TP: I remember being infuriated at this trade because it stopped me out and ran .60 against me. I kept on looking at the ticker and I remember getting really upset. Then, I quickly reminded myself that trades like this will happen. All I can do is learn from it and move on.
Improvement: LET THE TRADE WORK! Even if you were looking for a 2:1 r/r, you could have gotten back into the trade again. Don't just long the breakout. Put on 1/2 or 1/3 size before the breakout and then add on pullbacks after the breakout.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-06 10:10:00 | ADSK | buy | $111.400 | long |
2017-06-06 10:15:00 | ADSK | sell | $111.300 | 0 |
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