Got stopped out of another trade, JPM. In anticipation of resistance in the SPX, i shorted JPM, only to be taken out 30 minutes later.
It felt bad at first, but the trade risk/reward parameters still remain good, and it formed a nice Doji in the end. I'm still keen on shorting this, but i need further confirmation in some form of weakness in the indices.
My mistake here was probably jumping the gun and making the trade too soon. My fear of losing a good entry point made me want to place a trade ahead of the confirmation... this again boils down to:
Do i place an entry like traps?.. or do i stalk the trade?..
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