Summary
Realized that FSLY was putting in a bearish trend off the 5min 20ma, and so once I saw it bounce off, after the first push attempt, I started a short position, and added into the push back to the 5min 20ma, expecting it to fail again, which it did.
Did Right
- Picked up the bearish trend based on what I've been learning from the ADH course, and was able to apply a trade in real-time
Did Wrong
- Was scalping when I should have been playing for the bigger picture pullback that was setting up on the daily, which ended up being an $8+ move
Improvements
- When stalking these bigger moves, be prepared to actual tackle them, rather than always just trading in reactive/scalp mode.
- Be aware of, and pay attention to the overall context/bigger picture at all times during the day; be careful not to get too focused in on the micro.