Day Chart - low float, big volume gap up
Buy - 3rd time holding 3.65 and stochastics coming out of oversold 20 line. .07 risk looking to retest 4.00 round number.
Sell - can't hold .90s and red flush candle had relatively larger move since entry. Not showing ability to reach target, take profits.
Lesson: not high probability setup, should have recognized 3.90 previous support, more resistance.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-11 13:59:00 | VGGL | buy | $3.720 | long |
2015-05-11 14:40:00 | VGGL | sell | $3.820 | 0 |
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