Shared by
annertrader
The set-up:
What I did Right: good entry. I had earmarked 70.47 as HoD and entered S3 at 70.38 with a trailing stop.
1st atrget was reached fairly quickly but the trailing stop took me out way before i intended.
What I did Wrong: 1/ Enter with 3 contracts. I had only intended to enter with 1 and staged my entry but pushed on the wrong arrow. Lack of focus and verification.
2/ Do not use that bracket order and trailing stop. It is not efficient.
Where I could improve: I need to be more meticulous and thorough before and when I execute trades/ Stick to the plan
Trade grade:C+
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-12-07 14:04:03 | CLF4 | sell | $70.38 | short |
| 2023-12-07 14:07:49 | CLF4 | buy | $70.37 | short |
| 2023-12-07 14:09:35 | CLF4 | buy | $70.18 | short |
| 2023-12-07 14:10:17 | CLF4 | buy | $70.27 | 0 |
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