MESZ3 Trade on Sep 29, 2023 10:39 from RodrigoBras: Tradervue User Stock Trades.

Thesis: Demand bounce (formed pre-market)

Where/why did I ENTER (Confirmations): Sellers were so strong, yet they stopped having that strenght when touched 4356 demand; broke the downtrend line; finding acceptance above 4358 (previous LOD)

Trade plan: "Demand formed at 4356 on the 30m TF, near 4354 a previous resistance level, will be looking to see how participants react to this, if they are aggressive, I am open to be long targeting the HOD 4370"

How was I feeling DURING the trade (emotions): Felt confident, however thought that my stop was in a very obvious place.

Trade management: Not much, I got bottom ticked.

Where/why did I EXIT: My stop got hit.

Mistakes: Hard to tell, even going back I am not sure what would I have done different.

What can I do to improve: Be more selective on Friday's that follow big movers on Thursday and only get in once a direction is established or, short the highs and buy the lows.

Overall thoughts: See what the problem is? This trade in itself was a good trade that didn't work out… that's all but if yesterday's trade ,which is completely independet from today's trade, got to my TP, I would have banked 100$, so a 15$ loss doesn't even make a difference! But on a 40$ trade, I only have 1/2 more trade before erasing that win... The goal is to build a comfort zone with your winners, in order to handle drawdowns...

Rate this trade 1-10: 7

Risk/Stop Loss: 3 points
Target: (4369)10 points ( 3.3R)
Realized: -3 points ( -1R)