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 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!