I was playing a break of a downtrend with OB at certain levels, I waited for a confirmation to get into the trade.
I let the trade play out to long i could have taken profits around the $110 mark, I wanted to see how far i could ride it until it reversed on me. I need to learn how to scale out as well i could have scaled out 4 out of my 8 contracts and rid the other 4. Im taking this learning expiernce by taking profits sooner rather than letting the chop take my gains away. I would say i had a great entry maybe 30 seconds to soon but i caught a 5 minute move. I need to take note that if Im going to scalp just make it a 3-5 minute play.
I let the trade play out to long i could have taken profits around the $110 mark, I wanted to see how far i could ride it until it reversed on me. I need to learn how to scale out as well i could have scaled out 4 out of my 8 contracts and rid the other 4. Im taking this learning expiernce by taking profits sooner rather than letting the chop take my gains away. I would say i had a great entry maybe 30 seconds to soon but i caught a 5 minute move. I need to take note that if Im going to scalp just make it a 3-5 minute play.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.