Accidentally sold a second contract short (a bit sleepy, was trying to set a buy stop...suggests I shouldn't be trading today). Market just generally made mincemeat out of the position. It happened very fast, so even with 1m charts I didn't get any bar edges with which to lower stops. Would have needed to look to left edge of chart, but didn't (esp because of 2nd contract). Note how even though market came back...it then went down quite a bit. So this was actually a selling opportunity on retrace to short-term bear flag.
BTC #1 -140
Did not use multiple time frames nor wait for volume to come in before putting on position. Result = buying in bad spot with upside objective. Completely wrong. Basically there was so much market weakness I should not have been expecting major rally anyway. Trade was entered because noticed that high volume spike. Basically, if price comes back on these high volume deals, it means it is not going to up and out. Volume just wasn't great enough. So cannot rely on it as backstop.
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