Shared by
MorganFortner
Using 5 minute candles, bought the first 5 minute candle to make a new high, and sold quickly. This is a new strategy i have been working on. I leave a lot of money on table right now, but i am locking in profit and not loss. I need fo figure out how long I can safely hold for to maximize profits while still being safe. Im thinking I should hold for the candle I buy on, and then the next candle. <10 mins per trade. Today my timing was really fast, but i could have gotten much more money.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-01 09:33:00 | MDGS | buy | $4.285 | long |
| 2020-05-01 09:33:00 | MDGS | sell | $4.470 | 0 |
| 2020-05-01 09:45:00 | MDGS | buy | $4.448 | long |
| 2020-05-01 09:47:00 | MDGS | sell | $4.655 | 0 |
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