Trade Review
I will start with this, I made a mistake! I have been avoiding this for all along. From past 2 months, I have been keeping my position size smaller and limited to 25. I don't average and try to get out quickly if trade doesn't go as per plan....but today, I messed it up! I bought it at a potential support level when the trend was down and was very strong. I overlooked the fact that it's best to trade in the direction of the trend than to play the reversal or pullback as it's not known in advance whether it's going to be a reversal or a pullback. Also, I thought that the price already shed a lot in a very short time so it's due for a pullback. That was a big mistake. I should have gotten out when the price started going down after entering the trade. I even thought of that but couldn't take action and not just that, I kept adding more at every support level which it broke one after another. It was brutal, I lost 200$ in a single trade. I hope I don't make this mistake ever again!
Trade - https://www.TradeInsights.net/Traders/PriceActionTrader1/Shared/TradeSummary/SPY/4646758