dreezyreeve's /MNQ Trade -38.10

Trade Detail

dreezyreeve's /MNQ Trade -38.10

Trade Details

Published

Jan. 2, 2024, 8:14 p.m.


Status
CLOSED

Portfolio(s)


Broker

Tradovate

Asset

Future

Future Date

Jan. 2, 2024

Future name

/MNQF24

Symbol

/MNQ


Type

Short

Pattern(s)

Below 9:30 Open Print, DAILY DOWNTREND, H4 downtrend, M1 Demand Failure PML, overnight gap down, Pending Weekly Downtrend,

Featured Image / Proof

Stats

Entry CPU Exit CPU Fees Max Amount Max Cost P&L % P&L $ P&L With Fees
16,696.25 16,685.0 15.6 1.0 16,685.0 -0.07% -22.50 -38.10

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Notes

Woke up late today. Jumped on the computer around 9:15 AM. I potentially could have capitalized on this setup If I had more time to prepare.

I seen the trade unfold, but was hesistant to trade, being it was the turn of a new year, and the market gapped down heavily in the overnight, I thought there was a big potential for a fakeout short at the bottom of a range.

I waited patiently throughout the day for a good retracement entry, eyeing the 61.8% retracement, but it never came, it had a very sloppy failure at the 50% retracement level. 

I took a small loss, playing against the trend, with 1 micro, to break the ice, noticing the potential for a market reversal, with the VIX and internals chopping. It was a very very low risk trade.

And thats what I intend to be my approach this year. Looking to enter in lowest risk areas. But for next trade, we are not allowed to take against the Open Print.

We knew this in advance, but decided to try anyway. If we want to trade with perfection this year, must follow every rule rigorously. 

Transactions

Date Side Amount Price Commission Reg Fee
Jan. 02, 2024 14:00:00 Entry 1.0 16,696.25 15.6 None
Jan. 02, 2024 14:05:00 Exit 1.0 16,685.0 None None

KITT -0.25

Portfolio(s): Day Trading Momo,
Last entry Oct. 5, 2022, 9:09 a.m.

BBBY 2.76

Portfolio(s): Active Trade,
Last entry Sept. 7, 2022, 9:45 a.m.

BIAF 11.64

Portfolio(s): Toby,
Last entry Jan. 24, 2023, 11:20 a.m.



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