YNDX Trade on Jul 13, 2017 09:55 from d3totherescue: Tradervue User Stock Trades.

Setup:

There was a huge break from 31.50 to 31.00 on one candle. I shorted the pop looking for a breakdown under 31.00, but the breakdown never came. I covered my short a little bit late. I should have been covering at 31.35 at most. I was looking for a .50 gain (wash).

Mindset:

Fake News.

No really, fake news. Someone said that news had just come out that Uber was entering Yandex's space in Russia. But that news had released much earlier. Because this was a riskier play I did less size. But I should always be looking for 4:1 or 5:1 r/r regardless of the size.

Improvement:

I should have stopped myself out when I saw the 31.00 hold. If the 31.00 broke then I could have re-entered my short. I should have also been looking at the 5m, but I was not.
I could have longed the 31.50 area when I saw it hold. One thing I have to improve upon is FOMO. I have minor FOMO on many of my trades. Wait for some type of confirmation.