Second bummer of the day, this was my final trade and took a short entry on the 5m but put my stop too tight. If I put it on the previous 5m candle high it would have been a great trade. So my lesson for today is to use a stop that corresponds to the timeframe the trade was taken in.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-27 11:11:44 | SNAP | sell | $41.620 | short |
2020-10-27 11:12:49 | SNAP | buy | $41.820 | 0 |
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