Position size was again way to large and my stop-loss was way to far from my entry. My risk management skills today were non-existent. When I trade for the gains I do horrible. My idea going into this trade was a breakout to the upside after what looked like a 1-2-3 reversal had been formed. I was early, and the 1-2-3 reversal formed right where I had placed my stop-loss. An atrocious trade and one that should have been passed on.
Execution detail:
Thank you Sayed. I need to make better use of trend lines when I'm trading.
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This was a tricky one for sure, however 1-2-3 was there http://prntscr.com/691qwg