I was a little bit early here once again.
First trade of the day. I was trading together with Basti on the phone with the adjusted approach for a high vol trending market. In hindsight, Friday was a perfect ranging day for my approach of giving my trades room to play out. But I was so insecure and it was good to exchange ideas and talk out loud what we were planning to do before doing it. It kept me out of many stupid early entries. Unfortunately I also missed some good trades but took many "mental" trades that worked out well and gave positive feedback.
NFLX was trading up out of the Open and I had 344 and 347 down for resistance.
When I saw the rejection candle form I was a bit early with my entry, besides trading out of fear and feeling like I was not knowing what I was doing.
As I did not see immediate resolution I took it off break-evenish instead of letting it play out. Bad call, but good call for the approach we laid out for the day with practicing execution.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-01 09:43:00 | NFLX | sell | $344.140 | short |
2019-02-01 09:45:00 | NFLX | buy | $344.160 | 0 |
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