MESZ3 Trade on Oct 17, 2023 10:31 from RodrigoBras: Tradervue User Stock Trades.

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RodrigoBras

 

Supply breakout + BOS and hold > A setup

Where/why did I ENTER: 4372 demand bounce + NQ demand bounce + Sellers showing effort but no reward for them

Trade plan: "4375-4362 is key to hold, we have demand at 4372 and buyers need to show up to defend this, if they do and I am able to spot them, I am open to get long, targeting 4390." -> I adapted and entered long a little higher as we had an insane move up with no pullbacks or consolidation.

How was I feeling DURING the trade (emotions): Very calm actually but not too confident.

Trade management: Bad management, as I cut the position for no real reason despite looking at a micro structure.

Where/why did I EXIT: No reason to get out, got out for a -1.5 points.

Mistakes: Being too micro focused and repeating yesterday's mistakes, I won't do this anymore, I won't move my stop up until I am 2R in profit or if it makes sense to move it based on the chart. Cutting the position for no reason at all.

What can I do to improve: Just being more mindful that makes no sense to have this focus on micro moves, they are irrelevant to the larger picture. Also, give the trade room to breathe and stop making so many adjustments.

Overall thoughts: Nice trade, nice nice entry, horrific exit, but I will manage it I know.

Rate this trade 1-10: 7 (because I am counting with my bad execution, otherwise it would be a 9)

Entry: 4388
Risk/Stop Loss: (4384.75) 3.25 points
Target: (4398) 10 points ( 3R)
Realised: (4386.5) -1.5 points (-0.5R)


Execution detail:

Date/time Symbol Side Price Position
2023-10-17 10:31:48 MESZ3 buy $4388.00 long
2023-10-17 10:33:46 MESZ3 sell $4386.50 0


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