3rd attempt on this today. entered on a pullback but it had run out of steam and stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-27 11:25:53 | DRYS | sell | $4.640 | short |
2013-12-27 11:25:53 | DRYS | sell | $4.640 | short |
2013-12-27 11:25:54 | DRYS | sell | $4.640 | short |
2013-12-27 11:25:54 | DRYS | sell | $4.640 | short |
2013-12-27 11:25:54 | DRYS | sell | $4.650 | short |
2013-12-27 12:08:34 | DRYS | buy | $4.730 | 0 |
I am not sure if it is a 1,2,3 setup but in any case I should not have taken the trade as it was purely an emotional trade. It was my 3rd short on this today and the first 2 were positive except I kept getting stopped out on my 2nd half exactly to the penny which was really annoying me and you have the "fear of missing out" emotion. For me the real signal not to take this trade was the hammer candle. I hope I learn from this trade!
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1-2-3 reversal setup. Bullish.