Buying the premarket high of $2.40 risking 30c at $2.10 looking for a 3:1 RR so planned exit at $3.10.
The slow grind freaked me out and I sold as soon as I had over $2 of profit because that is how much it costs me to make a trade.
In reality I did not trade the plan, because I just wanted to get out break even. If I had let it run,I would have probably sold it around $2.6 after the quadruple top (on the 1 min chart) which would have been a 9% gain which is awesome!
Follow your plan!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-30 10:40:20 | BNGO | buy | $2.380 | long |
2020-12-30 11:11:11 | BNGO | sell | $2.480 | 0 |
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