**Failed trade based on the lack of effectively executing the trade plan. This is my first trading day of the clear chart, I entered the Stop in wrong because of fear!!! **
Fear crept in on this trade lol! The clear chart! I think this is the first trade I have taken where I did not honestly have a bias! I entered on the break, however, I made a mistake on entering the stop properly. This trade should have been stopped out at a complete loss of what was risked! When I was in the trade I got all discombobulated because there were no moving averages present to confirm my entry. I did create a rule for myself and that is that I will not re-enter on trades once the signal for entry does not work. I rather come out of the trade and be done for the day. This eliminates the exposure that i place myself in and keeps me trading in a disciplined manner. I believe --> baring no major problems that I will finish the month of February in a green mode even though there is potential that the week itself will be overall negative. I have also made it a note that I will continue to work on this blank chart for the next 90 days per the road-map and will not move on until May 27th of this year. I will be finishing my final trades for this round in Kenya... should be interesting to say the least!
I adjusted the trade calculator to automatically calculate my stop at .50 and to set my profit target 1 dollar away.
Lot Size: 100
Entry: 70:23
5 min ATR: .78
Tech Stop: close below the break (2)
Max: 69.35
PT1: 71.11
PT2: No scaling --> meeting @ 1000
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-27 09:37:22 | BBY | buy | $70.230 | long |
2019-02-27 09:37:59 | BBY | sell | $69.875 | 0 |
2019-02-27 09:52:21 | BBY | buy | $69.925 | long |
2019-02-27 09:53:07 | BBY | sell | $69.700 | 0 |
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