Terrible trade and hit max lost in one
Bought too high as price broke high of day, was up $50 but then it all went south and no hard stop.
rating 1/10
Execution detail:
there is no setup there sir at 13.56. thats not a breakout spot or even a breakout setup. what was ur reasoning to buy? the risk management on this we wont talk about! but the setup wasnt there
Thank you Nape and Kunal, I appreciate every feedback. I agree 13.14 was the correct entry - flag break with 9 ema right underneath. I have created a tag now called "No Set up" and hope never to use it again.
My reasoning to buy was that it was a second test of 13.56 level, high of day exceeded, 2 times relative buy volume and 80% rising stochastics. but there was no line in the sand to set a stop and no pattern / set up.
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Chase it. Need to catch early flags.