This is on my watchlist. Rubberband snapback setup, stochastic >90.
19March (Thurs): continue the run up, extending more but long wink candle. Possible snapback play on 20 March.
I actually enter the first trade on short it, but end up loss of -$1915.
After the first trade, I anticipate it to continue up run after the failed to go down further. and also g/r move failed.
Hence I enter long with big position thinking of making a comeback on the huge lost on the short trade earlier.
My enter price was bad, should have wait for the pullback to get better entry price.
Lesson: don't chase to enter when miss a good entry price. always be patient to wait for the price to pullback and entry, instead of chase the price.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-20 10:18:17 | ESPR | buy | $112.520 | long |
2015-03-20 10:19:40 | ESPR | buy | $112.590 | long |
2015-03-20 10:37:08 | ESPR | sell | $114.720 | 0 |
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