Symbol: INTU
Type: Short
Entry: The beginning of the 10th bar
Exit: Stopped out during the 11th bar
Result: Lost -1.19%
Looking back, it is rather obvious that it was a bad decision to go Short on the 10th bar. I had no clear signal from the chart that the momentum is heading for a rerversal. Just because the falling 5eMA was approaching, the prices could have easily break through the eMA. This is a very poor trade!
GIGO On Pre-Trade Checks
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In the U.S., pre-trade checks are legally mandated by SEC Rule 15c3-5 (the
Market Access Rule). An Order Management System (OMS) evaluates every
incoming A...
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