NEPT set up around 10:50am where it was consolidating above $6.2. It had just run up from 6 to 6.5 from the morning. It consolidated for 15 minutes around 6.30 where I bought a tier but got stopped out and it trend back down to 6.2. As this was my main level from my game plan I played from this level with a stop 6.15. I got stopped out at 6.15 and it immediately trade higher up to 6.36. Since this looked like the next leg up I got back in at a price of 6.28 with my stop set to 6.24. It traded higher to 6.45 after making a higher low but preceded to trade back below 6.24 and I got stopped out. Perhaps if the market wasn’t consolidating it would have broken out?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-07-22 10:49:33 | NEPT | buy | $6.320 | long |
2019-07-22 11:17:24 | NEPT | sell | $6.240 | 0 |
2019-07-22 11:25:03 | NEPT | buy | $6.200 | long |
2019-07-22 11:49:30 | NEPT | sell | $6.153 | 0 |
2019-07-22 12:05:55 | NEPT | buy | $6.270 | long |
2019-07-22 13:52:16 | NEPT | sell | $6.242 | 0 |
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