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On the weekly chart it's a non-event.

Yes The uptrend is still intact.

Where are you flipping to long? At your 32k stop?

What is your target? What is your risk/reward?

I doubt that the majority of posters on ET have a written plan that specifically tells them what to do next, how to react to what the market does.

Next step is to come up with a plan that spells out specifics. You need an action plan. How are you going to "Educate myself on the fundamentals of trading, the markets, and the instruments I trade."? How will you know when you are done? What does moderate risk tolerance mean? How do you...

Punctuation... I should have put a question mark on my comment. My bad!! You had originally planned a short at 28800. Now you are waiting for a pull back so you can go long. Originally I was curious as to whether you had closed your position as soon as you discovered your mistake or if you had...

No short at 28800

What did you do with the trade?

Nothing special Typical of a breakout trade. Here are a few. Market has to be in an uptrend. Stock in an uptrend Stock is at or near new high. Period of consolidation Range between swing high and swing low is decreasing Volume is decreasing Break out bar is a wide range bar. Breakout...

I have a check list of criteria that must be met before I take a trade. Where I am discretionary is if all the rules are met and I don't like the look of the chart I will pass on the trade. Keep in mind that I am swing trading equities.

Why haven't you gone completely rules based?

Why limit yourself to a max number of trades per day? If you have a set-up that has a positive expectancy why not take every opportunity to execute that set-up. You don't know how the next trade will work out.

How do you feel about the war with Ukraine? The news here is very biased as you can imagine. What is the feeling of the average Russian? Have the sanctions made any difference in your life?

Why?

At what point do you know you are wrong about your outlook for the company and its stock? A lot of investors hit that point and continue to hold the stock for what ever reason. No one lies to themselves more than an investor underwater.

So you don't think a trader should cut losses? What is the long term? How long do you tie up your capital that could be earning a better return?

It's something you might want to consider. 5 bucks a round trip, 10 trades a day, grand a month shot just in commissions. If you are making a million a year it's no biggy but when your losing a grand a month it counts.

I tried that years ago, couldn't stand the wild ride up and down. :)

SML: Hope I'm not bugging you too much. You got 4k in the red so far this year, how much have you spent on commissions?