SL: $455 RR: 1.03
Reason: Algo Guy Bullish, SI Ice event bullish. Liquidity above.
Context: I was dumb. We were within yesterdays balance and right below an inflection level.
Entry: Limit order above zone per strategy
Exit: full stop out. Price cracked extremely hard to the down side.
Mistakes: Context was wrong. Shouldnt have been going for a momentum trade inside balance. Algo guy was pretty weak to the upside as well.
Emotions Before: Was excited to get a gold setup. havent had one in a while
Emotions During: Regret, i relized we were within yesterdays balance and thought about trying to get out at break even. Never got the opportunity but could have taken the trade off for like $100 dollar loss.
Emotions After: Annoyed I took this trade. Was In a CL trade at the same time and both wernt working well.
Did Well. Followed the rules for the entry. Let the trade play out and accepted the loss.
Needs Improvement: Dont just jump into trades look at the context of the day before.
Would I Take Again: No, the context wasnt conducive to a high probability trade.
#inbalance #normal #weaktrend #slowmethodical #avgvol #avgretest #goodentry #algoguy #priceheld #hitstop #wrongontrade #nocontext #daytype #slightlyupset #ineedtotradenow #imtilted #mistake
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Fill Time | Type | Qty | Price |
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SL: $455 RR: 1.03
Reason: Algo Guy Bullish, SI Ice event bullish. Liquidity above.
Context: I was dumb. We were within yesterdays balance and right below an inflection level.
Entry: Limit order above zone per strategy
Exit: full stop out. Price cracked extremely hard to the down side.
Mistakes: Context was wrong. Shouldnt have been going for a momentum trade inside balance. Algo guy was pretty weak to the upside as well.
Emotions Before: Was excited to get a gold setup. havent had one in a while
Emotions During: Regret, i relized we were within yesterdays balance and thought about trying to get out at break even. Never got the opportunity but could have taken the trade off for like $100 dollar loss.
Emotions After: Annoyed I took this trade. Was In a CL trade at the same time and both wernt working well.
Did Well. Followed the rules for the entry. Let the trade play out and accepted the loss.
Needs Improvement: Dont just jump into trades look at the context of the day before.
Would I Take Again: No, the context wasnt conducive to a high probability trade.
#inbalance #normal #weaktrend #slowmethodical #avgvol #avgretest #goodentry #algoguy #priceheld #hitstop #wrongontrade #nocontext #daytype #slightlyupset #ineedtotradenow #imtilted #mistake