Two trades. Losses -0.9R each.
I thought it would bounce. My targets for both trades were 18.10 (price resistance) and 18.15 (VWAP).
In the first trade I would've had better entry opportunities later. I was very confident in the first trade and I even thought of adding to my position. Every time the price dropped to support level, it spiked up fast and I saw it as a sign of strength.
In the second trade I entered, because I thought it had formed a W bottom intraday. I didn't like how it was consolidating for a long time and I thought of covering flat, but I decided to stick through the trade. At 02:42 p.m. I already felt certain that it will break down.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-07 14:14:00 | APOL | buy | $17.990 | long |
2015-04-07 14:15:00 | APOL | buy | $17.990 | long |
2015-04-07 14:46:00 | APOL | sell | $17.960 | 0 |
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