Shared by
ephraim_elston
A+ setup
Momentum entry instead of the pullback entry because I was trading AMD at the open and missed this one
Was up 2$ unrlzd... but was planning on adding on a pullback... so I added but didn't wait for it to resume uptrend before adding because I added at a spot that turned out to not be a good spot to add.. and then selling pressure increased and price was at my mental stop level very quickly... I was stubborn and didn't hit out at my original SL.
I ended up finally hitting out about 50cents below my stop which was only 50 cents from the bottom of the deep pullback before it bounced right back up to my avg cost...
I broke my rule of always putting in a hard SL... and also I was too complacent and didn't go through my if/then statements once I was in the trade... it was on "the backburner".
I won't make this same mistake again.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-02-26 09:39:19 | ETSY | buy | $66.760 | long |
| 2019-02-26 09:57:01 | ETSY | buy | $68.180 | long |
| 2019-02-26 10:18:47 | ETSY | sell | $66.060 | long |
| 2019-02-26 10:18:53 | ETSY | sell | $66.010 | 0 |
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