JNJ Was a Failed Trade, Tonight i am going to talk about how i gave back Most of my gains trying to play the bounce attempt on Wrong R/R ratio's.  Due to Recent price action the last couple of weeks playing the bounce has help grow my PnL, But not today and again i say not today, around 8:55est  JNJ Held the 91.00 level aka whole number on some decent volume as shorts were covering from that morning down move, Watching the order flow as shorts were covering there short term short position aggressive buying started to hit the tape as short were existing there existing short position it added to the buying pressure putting in a wick on the close of that 8:55 5min down bar, i like it as a bounce play due to the fact there was alignment within the order flow: short covering=buying,Aggressive Buying= higher prices and it was done slightly above the whole number and the trend-line broke, So i got net long around 91.07, only to see price stall right above trend-line 2@91.35, downward action continues, Bounce attempt number 2:i added to my existing long position and guess what happen it sold off and i Took a loss, covered my position around 90.58, Reason to sell: 1.There was still a Big Seller hiding in the tape as i seen them spraying the bid aggressively. 2. added to my losing position below trend-line 2, i was already wrong right there as i did not wait for trend-line break confirmation. 3. i soon realize my Risk to Reward aka R/R Ratio was not properly Set. 4. No Market Support. As soon as i realize i was was not Trading on Telt and without the right mental state of mine. I Realize i was Trade this Setup all Wrong, Yup i play'd this JNJ from the start on the wrong note. 1. JNJ Should of Been trading as a Failed Bounce attempt From the first failed bounce as i saw heavy aggressive selling prints that means get heavy and get short 2. sympathy Weakness occurring in the same sector, Yeah i can believe i brush that off, that right there was already a red flag as i ignored the Sector weakness and still attempted to force a bounce play. Even Though my PnL was green today, i am glad i took this loss as it gave me a window of opportunity to Realize i have not been trading on Telt for the past 7 weeks. This Trade open up ways that well help me become better tomorrow and it also allowed me to answer alot of Errors in my Trading journal i could not seem to figure out what the problem was. now i know. The mental state of mind.