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Phone update Out of my short position It wasn't a great ide | Trader Lab

Phone update

Out of my short position

It wasn't a great idea to put this Short Limit order on a Friday while going out.

That's something I usually don't do but I guess I've been chasing this short trade too much.

Just taking a small loss is the best thing to do (divided by 2 my initial risk)

BEARS failed to take back control of the trend on a Friday.

The weekly close will certainly trigger further upside.

This is why I've decided to let go this short position. The rejection I was expected simply did not happen.

I also removed all the drawings that I've made this week.

I like to do that when my TA is off the line. I will also give myself a break from the charts until Monday.

Hopefully I'll come back with a fresh mind and without a strong bearish bias.

Have a nice weekend.