Shared by:
ToqueX
Grade=D (first entry)
The setup: Picking a top on crude oil and right on the trend line.
What happened: I got stopped out.
What I could have done: Perhaps not much because it was a risky trade to begin with. I can see how waiting long might have meant missing a good entry (without hindsight).
Grade=C (second entry)
The setup: Rollover top on crude oil. This looked like an exhaustion spike to me, so I went for it and it served me well here. No doubt there was luck involved and this is a somewhat risky trade, but I wanted a second try at it after the first entry didn't work out. My scaling out was good here and I was right to use a target for the second half instead of letting it stop out.
Execution detail:
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