Noticed JPM was getting extended from the 5min 20MA, but started a position too early cause of FOMO. Fortunately, I was patient on my adds, and waited for the $93 flush, and then also added near $92. This could have been a really great trade if I had simply looked left at the daily, and noticed $92 being a support area. Had I simply waited for the $93 flush, and then added on a $92 flush, this could have been a really great trade. Also, sold way too soon cause I was scared as my average was just ok. In short, this was a practice trade, taking the kind of trades that Alex likes. Still have a lot to learn though.
Spotted the opportunity using what I've been learning from ADH/Alex. Overall it was a great opportunity, I just didn't execute it well.
Execution detail:
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