First real Morning Panic Dip buy the reversal. The PLan was to buy 2000 but got 4000 executed at 0.1519 on 2 orders. Wanted only 1 order. Risking the low of 0.1401. Very clean move. Better entry was in the 0.14s. Decide to sell @ 0.1599 due to a bit of resistance at 0.1600 (a sign of first red candle). After sold, it went to 0.1651. This is basically a 1:1 trade. The Bid was still holding though. Later, it panic from 0.1651 to the low. Commission ate my profits (3*6.95=20.85)
32-20.85=+11.15
Took 1/3 of overall move but with commission, it's 1/8 of the overall move
WIth Commission and Risk: 68 which was not ideals.
Thus: 11.15:68.05=0.16
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-15 08:33:15 | TSNP | buy | $0.1519 | long |
2020-12-15 08:33:16 | TSNP | buy | $0.1519 | long |
2020-12-15 08:37:13 | TSNP | sell | $0.1599 | long |
2020-12-15 08:37:13 | TSNP | sell | $0.1599 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!