Four trade: This has been my worst trade so far and doubled my risk level. I need to learn better risk management. The Stocks to trade team have been saying that you should wait til 9:45am to trade however looking at this stock, most of the play has already finished.
Learnings: I have been waiting Warrior Trading course and they are teaching the gap and go strategy. This means to trade as soon as the market opens. If I was trade using this strategy I would trade the red to green move and buy at $6 and initial entry because that is the first green candle to make a new high, it is also under the half dollar and then next trade around the second pullback.
Obviously hindsight is 20/20
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-06 09:57:54 | ADTX | buy | $8.350 | long |
2020-08-06 10:12:24 | ADTX | sell | $7.010 | long |
2020-08-06 10:17:34 | ADTX | sell | $6.800 | 0 |
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