Reference and Entry on Daily Since the miss here, price has retraced back to the supporting trend line with the confirmation of the 150SMA. Stop buy order was triggered. A bullish pinbar for the added confluence.
0.5% capital risked for potentially 2.2R.
Entry: 52 | Stop loss: 50 | Target Profit: 56.5
Trade Plan: Once the bounce has confirmed, shift stop loss to breakeven. TP is at the resistance area. Aiming for a swing trade.
Psychology and emotions – I feel like I might be overtrading. A lot of trades were entered today. All of them did fit into the plan and strategy though.
Another entry without confirmation and another stop hit.
Reply to past self: Yes, you were overtrading and no, none of it fit into a proper strategy or plan.
Prematurely stopped out?
Yes, price did bounce off identified area. Good idea, poor execution. Maybe tough luck or could do more to take into consideration volatility.