OXY Trade on Nov 11, 2022 13:55 from SonoFusion: Tradervue User Stock Trades.

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SonoFusion

 

This trade is a textbook example of what not to do. This trade didn't fit my trade book and wasn't even a good gamble set up. I wanted OXY to work for me and had a breakeven stop out just before this. I was sure the market was still going up, however I decided to take a trade with the wrong size, the wrong stop and at the wrong time. The stock was clearly going sideways and I had no confirmation of the continued trend.

I also didn't stop out when the stock started moving sideways. I should have stopped myself out as soon as the first 1-minute candle broke the low of the previous 1-minute candle. Whoever I didn't and instead I lost 1.5R on this trade.


Execution detail:

Date/time Symbol Side Price Position
2022-11-11 13:55:01 OXY buy $74.660 long
2022-11-11 14:06:35 OXY sell $74.510 0


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