Performance Metrics
| Entry CPU | 197.00 | Price P/L $ | $0.00 |
| Exit CPU | 210.00 | Div P/L $ | $0.00 |
| Fees | $0.00 | Gross P/L $ | $13.00 |
| Reg Fees | $0.00 | Net P/L $ | $13.00 |
| Commissions | $0.00 | P&L% | 6.60% |
| Cash Div. | $0.00 | Total Ret. % | 0.00% |
| Max Qty | 1 | Open P/L $ | $0.00 |
| Current Qty | 0 | Open P&L% | 0.00% |
| Max Cost | $197.00 | Open Value | $0.00 |
Featured Image / Proof
Auto-generated Chart
Notes
Low of Day Tightening Support Accumulation + Anticipatory Break of Selling Channel + Out of Balance VWAP + SPY already down over 2% on the day + Strong Support off Eric's Levels
= Looking for a Bounce Play towards Equilibrium
Once I entered the trade I felt confident as my entry was good ($1.97). However as I saw it fail to break out, I sold for $2.10 to secure puny profits. Microscopic 1-4% gains with a small account is not going to give me the growth I need to change my life. It's better to let it play out and risk the small $X loss for the opportunity of catching the reveral and making 50% returns. I need to learn to be more comfortable with risk as it never hit my stop loss price so I never had a reason to sell. It ended up retesting Eric's pink 388 level one more time before breaking out and making the move that I was looking for. I also didn't give the trade enough time to fully play out, I was only in the trade for 8 min.
Lessons:
1) stick to the plan
2) be comfortable with the risk (it's just a game you're trying to beat)
3) big winning trades take time to come to fruition (30 min - 1 hour)
4) focus and concentrate when trading and establishing trade plans/scenarios
5) prioritze small risk / big reward setups
Transactions
2 entries| Date | Side | Amount | Price | Commission | Exchange / SEC | Current amt | Current value |
|---|---|---|---|---|---|---|---|
| Dec 15, 2022 10:20:38 | Exit | ||||||
| Dec 15, 2022 10:12:34 | Entry |
