I'm doing another trade recap on today's loser. Normally being my A setup (FRD), GNUS ended up going completely against that thesis and was more so one of the few outliers that trapped and squeezed. I have a pretty high consistency rate with this setup but that doesn't mean it'll work every time.

Also ended up being a larger loss than my other recent ones due to myself having more conviction and confidence with FRD's. I still wasn't in very large but did have a bigger position for what I've been trading. 

Now, the % loss on this play was much larger than I had anticipated. I did have hard stops in place in case it went against me but even when those stops hit I still saved a small piece in case the upper resistance levels had stuffed and failed. However, the ticker kept on spiking so I took off the rest for some slippage above my hard stops. That led to a larger % loss than I would have ever wanted to take. 

This play is part of the reason why I have been sizing down lately trying to improve on risk management and entries/scaling positions. I'm working on critiquing those areas before ever sizing back up again, trying to be more wise and systematic. 

Good news is that I didn't let the loser continue to run. I followed my plan and although my % loss ended up a lot larger than I would have liked I can work on improving my scaling/averages more in case of situations like this happening again. No setup is 100% guaranteed to work every time.