This trade was the second red trade I had on the day. Violated soo many rules here. 1)Broke my #1 rule again on shorting, never short into weakness thinking support will break. 2) I was averaging up into pops playing way to big size. 3) Risk/Reward was (0.40:1) not (3:1), heavily not in my favor. It would have been more in my favor to go long. ADDS (on) : 1 - 13.36 (2500), 2 - 13.71 (1000), 3 - 13.80 (1000), 4 - 14.10 (1000) COVERS (off) : 1 - 14.01 (2500), 2 - 14.08 (3000)
| Date | Price | |
|---|---|---|
| Entry | 5/24/2017 | 13.63 |
| Exit | 5/24/2017 | 14.036 |
Did not have a plan trading this, not a play, way too many indicators telling me to avoid it, but I filled soo quick on impulse thinking the day lows would get taken out. Next thing I know, Im fighting the price action and adding to a looser. Terrible discipline not taking off earlier and adding. Also and Most importantly, broke number 1 rule, Shorting into support/weakness.
