Conclusion: Once you've Scaled Out at your First Price Target, Hold until a Valid Exit Indicator (IMPORTANT)
I bought just before the High of Day Breakout, scaled out at the High of Day, then got scared, and Exited when the price started to Pullback.
There were no Red Candles. No Candles broke the low of any Previous Candles.
If I waited for a Valid Exit Indicator, I could've had my best win of the day, and reached my Daily Profit Target.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-13 10:21:47 | MCRB | buy | $26.980 | long |
2020-08-13 10:21:47 | MCRB | buy | $26.980 | long |
2020-08-13 10:23:23 | MCRB | sell | $27.320 | long |
2020-08-13 10:24:43 | MCRB | sell | $27.270 | 0 |
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