Long. Chatroom. Watched it after 11:00. It trended from 3s to 5s in the morning. I bought when it Broke above range and day high with IV. 3L above TL, Stochs up at 67. Exited on following CS (BearES). Had already taken a loss on first trade. Did not want a second. I exited when I saw PA turning red. Did not apply % of ACC SL (Note at 1% SL I would have also been stopped out at $6.95. May want to stick to 2% SL on 1000 shares in order to avoid an early exit). At 2% I may not have pulled the trigger on SL (the shadow low on the BearES was 6.82). After SL PA trended up to 8.08. TRADE REVIEW: Good entry at breakout from range and day high (but could have confirmed a weak initial breakout with HA CS). Bad trade management (Did not use 5min Chart) Bad SL, did not apply Acc %, I just exited when I saw Bear PA.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-24 12:45:22 | VLTC | buy | $7.065 | long |
2015-11-24 12:48:13 | VLTC | sell | $7.065 | 0 |
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