➡ Losing trade, but executed on my plan fairly well. Shitty it wasn't a winner, but can't beat myself up on this one IMO.
➡ Was long-biased on the name coming in, and was looking for continuation on the day.
➡ Patience on the open with a small gap-up on first 1m candle, but didn't break above PM high.
➡ Let it sell-off for 7 mins and looked for that first green candle to make a new high.
➡ Took half-size on that first execution. Trade goes red pretty quickly.
➡ Mental stop in place at $19.60, risking about $0.20 and looking for $0.60 back to the opening range.
➡ Added 2nd half after a seeing a double-bottom form and bought looking for a breakout just above my initial entry.
➡ Stopped out at $19.53.(LOD!)
➡ Wanted to give this trade as much room as possible which is why I stretched my stop an extra $0.07.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-23 09:38:04 | CGC | buy | $19.800 | long |
2020-10-23 09:59:34 | CGC | buy | $19.830 | long |
2020-10-23 10:24:23 | CGC | sell | $19.530 | 0 |
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