What was happening in the market
Dick's Sporting Goods' (DKS) fiscal Q1 results topped expectations as stimulus payments helped push same store sales 115% higher. Analyst says risk remain. Given this, I expected the peak to be short-lived
What was the set-up
Up-trending on the 30 minute chart with the expectation of reversal
What did I trade it
This time I revisited my initial analysis, fired my previous self who made the previous trade and went short based on what the market was telling me as opposed to my own prediction
Learning Experience
As a developing trader, one must be prepared to learn quickly and recognized as Dr. Steenbarger mentioned, the times when their emotion-focused coping are activated and use this as a guided to shift to a more problem-focused coping.
I am noticing every trade has something to teach me.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-27 10:18:04 | DKS | sell | $99.000 | short |
2021-05-27 11:17:26 | DKS | buy | $97.860 | 0 |
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