Entry: Initial entry was for scalp expecting pullback (bounce) from 9EMA. Mistake was I was looking at the 2-min chart EMA, not the 5-min chart. Realized my error, scaled into it when tapped the 9EMA on the 5-min chart.
Exit: Out when it didn't bounce quickly. Missed the bounce 1-2 minutes later.
Biggest issue with this one is that the stock was too thin. Pullbacks only work well when there's volume in the stock (especially bounces).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-29 11:16:19 | CTC | buy | $1.550 | long |
2014-05-29 11:16:19 | CTC | buy | $1.550 | long |
2014-05-29 11:16:19 | CTC | buy | $1.550 | long |
2014-05-29 11:16:22 | CTC | buy | $1.500 | long |
2014-05-29 11:16:22 | CTC | buy | $1.500 | long |
2014-05-29 11:16:22 | CTC | buy | $1.500 | long |
2014-05-29 11:19:36 | CTC | sell | $1.500 | long |
2014-05-29 11:19:36 | CTC | sell | $1.500 | long |
2014-05-29 11:19:36 | CTC | sell | $1.500 | long |
2014-05-29 11:20:26 | CTC | sell | $1.510 | 0 |
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