I'm terribly proud of this trade today. I held, based on my analysis, for 85 cents. That's crazy for me as I usually get THE FEAR and get out earlier. I would like to be a capable and disciplined trader and to do that one thing I'll need to master is the ability to hold if the chart says so.
My entry trigger was the stock reaching HOD and then the next candle showing weakness including a drop of 25 cents. This combined with the HTF down trend allowed me to go short with confidence. I set up levels of support as new candles formed but expected major support on the 9, 20 and VWAP. Both the VWAP and 9 were breached but the 1025 candle found some support at the 20 on the 5M chart and I covered my position.
The first trade today went well almost only because of the size and the adds but even that one could have been held for a longer period. THE FEAR.
Time | Quantity | Price | |
---|---|---|---|
Sep, 14 202209:52 am | 100 | 67.51 | |
Sep, 14 202210:29 am | 100 | 66.66 |