Frame of Mind: Lose $50 max.
AXA gapped down at the open, went long after saw that it wasn’t dropping. Went long $38.37, to cut at $38.20. Proved to be a good trade but I didn’t know where to take it, it eventually came back down where I took it same price.
No breakouts happened today, was just congesting. Death by 30 cuts.
What I did right:
Read the price/volume on AXA correctly.
What I did wrong:
Nothing I think. The market simply didn’t have enough juice to push up, and I realized this by the time it came back down already.