SL: $498 RR: 1.29
Reason: Algo Guy Bearish, Price just took overnight low. Looking for move to lower end of composite value.
Context: Should have guessed to day would be range bound. Yesterday was a screamer to the upside. Looks like will be a imbalance normal day. I tagged suckyouin for the order flow speed. Price was moving but the day ended up to be a rangy choppy day.
Entry: Limit order as per rules
Exit: Hit Stop Loss
Mistakes: This was a momentum trade, but the day was in balance. Didnt pay attention to that. Momentum trades are for out of balance days. Setup was valid so wont tag the trade as a mistake but tagged mistake
Emotions Before: Good, ready to trade. entered this one quick without hesitation
Emotions During: Abit annoyed, knew I was going to get stopped out on this as soon as it rejected the overnight low.
Emotions After: Annoyed with myself, felt like I rushed this one and just entered cuz price was moving quick, algo guy was trending down and a setup appeared.
Did Well: Maintained composure after a loss.
Needs Improvement: Pay attention closer to where we are in relation to value. We were in balance of previous day as well as the middle of a composite.
Would I take Again: No had I noticed we were still in value of yesterday, and yesterday was a trend up day (meaning today is likely to be in balance) I would have not put this on.
#inbalance #normal #weaktrend #suckyouin #highvol #highretest #goodentry #algoguy #tradedthrough #hitstop #wrongontrade #daytype #nocontext #notupset #slighturgetotrade #imgood #mistake
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Fill Time | Type | Qty | Price |
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SL: $498 RR: 1.29
Reason: Algo Guy Bearish, Price just took overnight low. Looking for move to lower end of composite value.
Context: Should have guessed to day would be range bound. Yesterday was a screamer to the upside. Looks like will be a imbalance normal day. I tagged suckyouin for the order flow speed. Price was moving but the day ended up to be a rangy choppy day.
Entry: Limit order as per rules
Exit: Hit Stop Loss
Mistakes: This was a momentum trade, but the day was in balance. Didnt pay attention to that. Momentum trades are for out of balance days. Setup was valid so wont tag the trade as a mistake but tagged mistake
Emotions Before: Good, ready to trade. entered this one quick without hesitation
Emotions During: Abit annoyed, knew I was going to get stopped out on this as soon as it rejected the overnight low.
Emotions After: Annoyed with myself, felt like I rushed this one and just entered cuz price was moving quick, algo guy was trending down and a setup appeared.
Did Well: Maintained composure after a loss.
Needs Improvement: Pay attention closer to where we are in relation to value. We were in balance of previous day as well as the middle of a composite.
Would I take Again: No had I noticed we were still in value of yesterday, and yesterday was a trend up day (meaning today is likely to be in balance) I would have not put this on.
#inbalance #normal #weaktrend #suckyouin #highvol #highretest #goodentry #algoguy #tradedthrough #hitstop #wrongontrade #daytype #nocontext #notupset #slighturgetotrade #imgood #mistake