Retrospect is structured along 3 questions:
Low risk reversal long position. Multiple R return (as in Risk:Reward) on first part of position. Stopped out on a throw back on 2nd part of the position. That is fine. 2nd part position also has higher multiple R return. Also bit higher return than 1st part of position. On the net, trade will fall in good trades bucket.
What could have been done better?
- What is the result?
- What was done well?
- What could have been done better?
Low risk reversal long position. Multiple R return (as in Risk:Reward) on first part of position. Stopped out on a throw back on 2nd part of the position. That is fine. 2nd part position also has higher multiple R return. Also bit higher return than 1st part of position. On the net, trade will fall in good trades bucket.
What was done well?
Analysis is pretty close (better than I expected) to the way market unfolded at each stage i.e., before entry, in the middle and finally on the possibility of another leg after correction. What could have been done better?
- Placed stop too tight on the 2nd part of the position? Especially given I was anticipating another up leg per analysis (3rd post).
- Took profits too early on the 1st part of the position? Even though pre-entry analysis indicated larger correction (1st post).
- 90% of my trades are with trend trades. Was that a factor i.e., did my low comfort with reversal trades clouded trade management judgement?
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