Entry on this was when the 3.55 3.6 line was holding. I entered 3.59 then immediately dropped to 3.44 which was my just not quite at my max loss. It then popped back up and I scaled out 2/3 of position. Scaling out 1/2 or more when I'm in green allows me to hold the rest of my position a longer. This has really helped me in the last month. After my 2/3 exit it tanked to 3.1 but with me only having small position I was able to have a stop loss further from entry. I added at .12 trailing stop after it started to grind back up, it then stopped me out. I ended taking a small loss but not happy that I turned a winner to a loser.
I need to scale out even larger originally and have a higher probability of a winning trade even though it might be small.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-10-11 09:53:00 | SES | buy | $3.590 | long |
2019-10-11 09:53:00 | SES | buy | $3.590 | long |
2019-10-11 09:57:00 | SES | sell | $3.690 | long |
2019-10-11 10:21:00 | SES | sell | $3.331 | 0 |
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