Picture perfect trade. Morning gapper that appeared to be flagging. I was wicked out on the 1st trade but gave it another go after a couple of minutes of consolidation. Risked $40 and set my targets per my plan; 1st sell at 50% to target and the other 1/2 at target which in this case was $7.
Something I'd like to experiment with is actually manually managing trades. As of right now, during this account building/discipline building phase, my primary goal is to stick to the two setups I look for, use consisten risk $30-50, and make sure that the R/R is favorable.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-05 09:39:21 | UNXL | buy | $6.324 | long |
2014-06-05 09:43:31 | UNXL | sell | $6.660 | long |
2014-06-05 09:44:58 | UNXL | sell | $7.000 | 0 |
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