MLHR Trade on Jul 3, 2018 10:05 from glen55867_BOWS: Tradervue User Stock Trades.

Simulator trade

Daily is PR/Earnings gapper

price gapped into an area of price resistance, there was not a lot else to play...lesson is a no trade is better than a max loss trade

Intraday quick pullback

ERROR here, calculated stop of $150 loss and got in with bad fill, so exceeded max allowed loss

Trade journal analysis, there is a red distribution candle, that should negate the setup, low volume low volatility required on pullback

Need to wait for green to hold, went in on first minute, in the end it did not matter as two candles later a green did hols at same level and then the setup failed, So while entry was not clean it would not have worked.

May be a dump to SPY dumping

On tradingsim.com replay, I drew in the price resistance, and there was less than a 1:1 RR on this trade, also the volume pattern has big red candles that could mean shorts piling in vs mild profit taking. Look at the 3 thumbs down on the chart..this is NO GO trade