I made a execution mistake today.
Short position was established at 1120am. It was a slow start. Market started sold off after 1130am. However, I was being a Chicken. Instead of letting the profit run, I covered the position with only 1 R gain. That’s a shame. Poor plan execution. It should have been a multiple Rs day. And I am feeling frustration now. So I am gonna call it a day. 🙁
One trade closed with 1 R gain. (+2.75 NQ points)
- Short below the low of 1130am candle.
- Initial stop set above the high of trigger bar.
- Trailing stop plan was not executed. Very poor execution.