Good morning,
Would one of the coaches or a more experienced trader be willing to review the attached bullish trade I placed this morning? I want to make sure I set it up correctly. I marked the three Superman steps on the chart for reference.
This was my first time using the three-step Superman entry. The trade was in the direction of the trend (bullish). At 10:34, I placed the entry just above the red candle with the longer wick (see step 1 on chart), using a 2:1 risk-reward ratio. It filled at 12:15.
The trade resulted in a $910 profit in my paper trading account. While I'm pleased with the result, I’ve had a mix of wins and losses this week, and I suspect that luck may have played a role in some of my outcomes. I’d really appreciate a second set of eyes to help confirm whether I executed this correctly.
P.S. My 50K paper trading account is up by $1863.75 so I am doing pretty well despite a few losses.
Thanks so much in advance! 😃