SL: $270, RR: 1.11
Reason: algo guy bearish, SI Iceberg event confirmed bearish, liquidity as well as s3 pivot below.
Context: NG in large established down trend, Gap down.
Entry: Limit order as per right under zone
Exit: Hit TP, was a good TP, price rejected not far from it.
Mistakes: Position size not optimal. I tried trading micros but daytraders doesnt support micros for NG. Need to decide what to do for when adding another contract will be way too large of size.
Emotions Before: Good, calm with the big down trending algo guy and gap down. New this trade had a high probability of working
Emotions During: Tried to add another contract higher up after another SI event but didnt get the fill. I should have scaled in i think, one contract at the proper spot then another higher up to average the risk to what im allowed to take. so was slightly annoyed at that.
Emotions After: Mixed feelings. Glad I got a nice short, was up RR wise for the day but down money wise due to position sizing.
Did well: Entry and exit were spot on.
Needs Improvement: Scale in or figure out better system for awkward risk size
Would I take again: Yes, Very nice setup, Gap down and strong down trend
#outbalance #normal #strongtrend #slowmethodical #goodentry #tradedthrough #goodexit #hittargetexit #highvol #highretest #notupset #slighturgetotrade #imgood #mistake #sizeerror
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Fill Time | Type | Qty | Price |
---|
SL: $270, RR: 1.11
Reason: algo guy bearish, SI Iceberg event confirmed bearish, liquidity as well as s3 pivot below.
Context: NG in large established down trend, Gap down.
Entry: Limit order as per right under zone
Exit: Hit TP, was a good TP, price rejected not far from it.
Mistakes: Position size not optimal. I tried trading micros but daytraders doesnt support micros for NG. Need to decide what to do for when adding another contract will be way too large of size.
Emotions Before: Good, calm with the big down trending algo guy and gap down. New this trade had a high probability of working
Emotions During: Tried to add another contract higher up after another SI event but didnt get the fill. I should have scaled in i think, one contract at the proper spot then another higher up to average the risk to what im allowed to take. so was slightly annoyed at that.
Emotions After: Mixed feelings. Glad I got a nice short, was up RR wise for the day but down money wise due to position sizing.
Did well: Entry and exit were spot on.
Needs Improvement: Scale in or figure out better system for awkward risk size
Would I take again: Yes, Very nice setup, Gap down and strong down trend
#outbalance #normal #strongtrend #slowmethodical #goodentry #tradedthrough #goodexit #hittargetexit #highvol #highretest #notupset #slighturgetotrade #imgood #mistake #sizeerror