7. Trade Review
•240 Minutes Trend is positive thereby making approach of buying on dips a high probability trade.
•The trade implemented was counter trend in nature w.r.t to longer term trend
•I offered at 36175 “1/2N” position size which is half the size of my normal position size
•I was patient enough in the trade
•I was quick to see consolidation near the lows and the failure of price at that point of time to break them
•I recognized doji on 10 mins as well as prices being oversold at that point of time
•I did a great job of adjusting my trailing stop losses
•My trailing stops were hit at the market at 36120
•I didn’t followed my urge to book pnl at lower levels , I would have surely not given back so much if I did but also a bad habit would have been reinforced of “cutting winners short” More often than not my urges are wrong so great job in ignoring them
•In terms of trade process I would rate this trade a 10/10