I'm getting really good at taking losses before the breakout and not being in it as it goes. was watching for the break of previous resistance at 4.55 got in at 4.55 and it pulled back to trendline which was 25 cents, I wasn't willing to risk .25 when I had an target of 4.80-5 dollars. sold it and watched the bounce off of the trendline but waited for a steady climb back to resistance, it bounced and ran up 25 cents in 1 candle. watched for the flag breakout and it looked to be failing the breakout and I had to leave the house. ran up a dollar while i was gone. lesson: be more confident with my ability, and entries. stop waiting for it to happen and then get in. find a risk level that works from my designated entry point and pull the damn trigger!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-15 06:53:53 | VHC | buy | $4.557 | long |
2019-01-15 06:56:15 | VHC | sell | $4.482 | 0 |
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